MST3K lives on in the form of RiffTrax (http://www.rifftrax.com) - I heard Mike Nelson and company being interviewed this morning on the radio. They're able to rip on new movies because they don't have to worry about licensing.

All you do is purchase their .mp3's and synch it to the movie, which is probably collecting dust somewhere in your house.

Check out the samples.

excellent!

I used to never miss it when it first came out back in the Joel Hodgson days.