Another Late Night Battle Brewing?

Conan O'Brien rejected NBC's proposal today to move his "Tonight Show" to the 12:05am slot after "The Jay Leno Show."  After much speculation and joking on both of their shows, Conan released a statement today- Tuesday- to address the drama between him and Jay Leno.  In it, he raises a couple of really good points- namely that it's only been seven months since he inherited "The Tonight Show," and that the success of his show somewhat depends on a successful nightly Prime Time lineup.

Click on the link above to read the full statement.  Watch Conan address the rumors:



What do you think?  Should Conan have stepped aside?  Or, does NBC need to step up?