According to tvtome.com here is the current info regarding T70sS!

Also known as: Teenage Wasteland (Title During Development)
The Kids Are Alright (Early Title)
First Aired August 1998
Status Returning Series *(Cast, CW and FOX are in talks for an 8th Season)*!
Running Time 30 min
Country United States
Currently Appears Wednesday 8:00 PM
Network FOX

That 70s Show Cleared Into Teens


By Jim Finkle -- Broadcasting & Cable, 12/17/2004 4:21:00 PM

Carsey-Werner has just signed second-cycle deals that will keep That 70s Show running in syndication through 2013. But the independent studio is still trying to reach an agreement that would bring the first-run version of the series back to Fox in September for an eighth season.

Over the past two months, stations reaching 70 percent of the country have signed up for the second cycle, which runs from 2008 to 2013. (The first cycle, which ends in September 2008, is cleared in 97 percent of the country.)


But it’s possible that the show’s first-run life will end when this season’s last episode airs in May.

Carsey-Werner, Fox, Ashton Kutcher and other cast members are in the midst of discussions over renewing ‘70s for another year.

If those negotiations fail, the show’s producers and actors will soon be looking for new jobs.

Carsey-Warner and Fox declined to speculate on the chances that the show will be renewed. “We are hopeful,” says Kraus.

Fox executives were not commenting. They also wouldn’t say if there’s a deadline for reaching agreement.

The show’s writers are probably hoping that the negotiations will end quickly, regardless of the outcome.

That’s because shooting ends in March. So if a decision isn’t made soon, there won’t be much time to plan, write and shoot a plot arc culminating in the possible series finale

This is a mistake. Not only is the show no longer set in the 70s, seeing as the last episode was Christmas '79 and there's no way they can fit the rest of the season into 1 week, but it's no longer good. The characters aren't themselves, the writing is horrible...it's time to end. Dragging it on to an 8th season would be a mistake.

I read a similar article yesterday, and that one said that Topher Grace has made it clear that this will probably be his last year on the show, regardless of whether it ends this season or not. Carsey-Werner and Fox want the show to continue, apparently. Supposedly, Ashton is willing to come back for another season, but it might only be in cameo appearances in certain episodes. If the show does return next year, it should be interesting to see how they repackage the show without Eric and with limited Kelso.

I have to disagree with the comment about the writing being horrible. I think the show is still hilarious after all these years, and I'd like to see what happens with the eighth season. (though, Eric and Kelso leaving has "shark jump" written all over it...and yes, I know, some think the show jumped long ago :p )