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Credit to sister site TFW2005 for breaking the news that Advertising Age, a marketing website has revealed some tidbits of information about the upcoming “Hub” Kids’ TV channel that Hasbro is working on alongside Discovery Kids.
The juiciest part of the article states:

“The newest kid on the block, The Hub, also has the added pressure of what will likely be one of the last big cable network launches ever — second only, perhaps, to Discovery sibling the Oprah Winfrey Network. But Margaret Loesch, CEO of the joint venture, is banking on more than two decades of experience in programming to children from her days as a producer of Hasbro programs such as “GI Joe,” “My Little Pony” and “Transformers,” all of which are expected to appear in revamped form when the network launches Oct. 10.”

Wow.  October 10th?  And we haven’t seen a single character design or heard a hint of story?  That seems a bit far fetched, but I guess anything’s possible.  It wasn’t real long ago that we heard some rumors about voice actors, and that is really early in the production phase.  I guess time will tell.
Personally, I’m not getting my hopes up real high.  Let’s face it, if they’re going to try and gear a hard-edged special forces military team to kids…well…  it’s not going to be a hard-edged special forces military team.  Not sure what the end result will end up looking like this time around, but it will be cool to have a G.I. Joe cartoon on the air again.
Time will tell what the end result is.  More often than not, they’ve been misses, not hits.