Will Ferrell appeared as his Ron Burgundy character Wednesday night on the Conan O'Brien show.    After rocking out on the jazz flute he made a very important announcement:

"As of oh-nine-hundred hours Mountain Time, Paramount Pictures and myself, Ronald Joseph Aaron Burgundy, have come to terms on a sequel for 'Anchorman.' It is official: There will be a sequel to 'Anchorman.'"

No dates have been set as of yet.  I can't wait!  Stay classy everyone!