TVLine.com explains that although it was thought that CBS was eyeing (Eyeing. CBS. Get it?) the show, The CW (partly owned by CBS), instead has picked it up. In fact, it’s the first fall show announced by their new prez Mark Pedowitz. Learn that name in case we need to write letters later, but for right now, we really like him!

So what’s the show about? Well, to paraphrase producer Peter Traugott’s interview with EW.com, it’s a thriller about redemption, revenge, past tragedy, identity theft and being a marked woman. Basically Sarah will play twin sisters (this could be really good or really bad), one rich, one not, the rich one dies and the poor one takes over her life only to discover that she’s got people out to kill her. The dead sister will appear in flashbacks.

This is great news for fans who have been patiently waiting for SMG’s (or is it SMP?) return to the media format that loves her best. I don’t think anyone was looking forward to another low-rent cinematic fiasco like [Insert title here. Really. Any title], and were disappointed that the HBO pilot never went anywhere.

Ringer is an idea pitched by former Supernatural writers Eric Charmelo and Nicole Snyder, so hopefully that puts them ahead of the game as far as quality goes, even though they are also responsible for TV movies "Confessions of a Sociopathic Social Climber" and "I Do, But I Don’t." We’ll just ignore those little ditties for now.

Sarah is also listed as a co-executive producer, so hopefully that will prevent any embarrassingly trite "evil twin" scenarios. Or maybe not. She did cut her teeth in soaps, after all. 

Ringer will also star Nestor Carbonell (Lost), Kristoffer Polaha (Tru Calling/Angel/Bones/Dollhouse) and Tara Summers (Damages).

How do you feel about this news? Are you glad, mad or what? Let us know in the comments below.