From SCIFI.com:

"Star Wars creator George Lucas told a conference that he will turn his attentions more to television projects, including two Star Wars-themed series, Variety reported. Lucas made the comments in a keynote talk at the annual Siggraph computer graphics conference and tradeshow. 'My life's too short to become a film studio,' he reportedly said.

Lucas added: 'Lucasfilm is going more into television, but it's not a vision I'm running, either as executive producer or by laying out the groundwork.'

The first series is a 3-D animated Clone Wars series that will be made at Lucas Animation's Singapore facility. He said he'll start scouring Asia for talent and try to build up 3-D animation there. In his proposed Star Wars live-action series, he said: 'We're going do something that would normally cost [$20 million-$30 million] and try to do it for $1 million.' Lucas said he'll shoot the series on a Sony digital camera system that anyone can buy at an electronics store."

Thanks to Jedi Knight Mare for the link.