It was initially reported back in July that Rosie O'Donnell was in talks with NBC for a primetime hour-long variety show, which sounded for the time being like an ongoing show that aired weekly. However, O'Donnell just released a statement announcing she will make a television comeback by trying to revive the variety genre with "Rosie's Variety Show."

"This is a dream come true for any performer," O’Donnell, who has long said on her website that she'd like to do a variety show, wrote in a statement. "Old time variety, live from New York with a nod to Ed Sullivan, Carol Burnett and memories of Sonny and Cher."

O'Donnell's show will air the night before Thanksgiving on Nov. 26 and will have celebrity guests, music numbers, comedy and a giveaway. She said her show is inspired by the great variety shows of decades past. If the program turns out to be successful, chances are it will become a weekly show on NBC.

"This will reinvent the idea of what a variety show is for 2008. There's very few performers willing to put themselves out there live. It makes it more TiVo-proof, and it's something none of the cable networks can do," said Craig Plestis, NBC Entertainment's exec VP for alternative programming, development and specials.

While details about the show are yet very few, Variety reported that David Friedman will act as executive producer along with Rosie.

"The key to reinventing variety starts with the talent. And Rosie was the perfect person for this," Friedman explained. "She was already doing a variety show in daytime. Once we got Rosie, we were already ahead of the game."

A repertory cast will likely be picked to populate the show's sketches while a house band is being considered. Other details, such as marketing partners, the primetime giveaway and celeb guests, will be unveiled later.

"We want to show people that variety can be done in a new and inventive way for 2008. We hope to do it in ways you haven't seen before. It's going to be the YouTube variety shows," Plestis added.

The show will mark O'Donnell's first regular TV gig since she departed ABC's "The View" in May last year,  following her infamous fight with co-host Elisabeth Hasselbeck regarding their antithetic political views.

O'Donnell's own show before "The View" ran for six years, from 1996 to 2002, and was a big hit. If she'll be running the show, things will likely remain upbeat. As long as she keeps it light and fun the show should be a success.

After making a name for herself as a stand-up comedienne, Rosie O'Donnell, who is a 13-time Emmy Award-winning American talk show host, television personality, celebrity blogger, gay rights activist, film, television, and stage actress, appeared in several Broadway plays and movies including "A League of Their Own," "Sleepless in Seattle," "The Flintsones" and "Exit to Eden."