There's some good news and some bad news...

NASA has finally settled on the inline shuttle derived HLV. Damn.

But on a lighter note, Virgin Galactic announced the development of SpaceShip 3, a suborbital version.

Well you gotta take the good with the bad, right?

--Update Aug 23, 2005 9:41am--

According to Nasawatch.com,

It would seem that multiple offices in the executive branch simply do not agree on key elements of what Griffin wants to do - and have serious problems with certain aspects - finances being the most important point of disagreement. Stay tuned.

Let's keep our fingers crossed for a more modular solution...