I have read an article in Sky and Telescope magazine that there are three new telescopes in the planning stages.
They are the Thirty Meter Telescope (TMT), the 24 meter Magellan Giant Telescope (MGT) and the 42 meter European Extremely Large Telescope (EELT). That is good news.
The bad news is that they will not be in action until 2016.
However, the Jim West Space Telescope that was the NGST originally, will be launched in 2011, I hope.
Cosmo