I'm just taking an educated guess here, based on NBC and Notre Dame scheduling a conference call later this morning:
Assuming NBC doesn't have the cash to buy the university outright, the network and the Irish presumably are extending their contractual relationship in some fashion.
Good for them.
I'm going to go out on a limb and guarantee this: Notre Dame will be better in 2008 than it was in '07. You heard it here first!
I'm already looking forward to the Navy game. If the Midshipmen win again, Notre Dame should consider replacing them on their schedule with Cornell.
(UPDATE: Yup, it's official. ND and NBC hooked up through 2015.)