Perhaps a bit more positive insight into the recently pretty bleak outlook for Spognebob's future, after having not watched an entire episode for probably a bout a year, I sat down and watched "Atlantis Squarepantis" this morning.
SpongeBob is officially no longer dead to me, this episode was, well not exactly great, but had some of the funniest stuff in an SB episode since Season 3, the part with the video game micro converter or wahtever made me cry laughing.
Now I'm going to see if the rest Season 5 is any good though....