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As Day Three of the strike begins, writers dig in for another eight hours of waving picket signs, dodging scribe-seeking SUV missiles, and trying to induce passing motorists into a horn-honking din intended to drive executives on the other side of a struck lot's walls slowly insane. This is your morning round-up:

· To kick off Day Three of the strike, the WGA has proudly announced its ShowrunnerPalooza 2007 event at Disney/ABC Studios in Burbank at 9 a.m., a two hour festival of solidarity that features an all-star lineup of TV's most powerful producers marching in lockstep with their picketing colleagues. Hurry over to catch a special musical performance by a reunited Rage Against the Machine! "MEDIA ADVISORY: TV'S TOP SHOWRUNNERS TO WALK THE PICKET LINE AT DISNEY/ABC STUDIOS
WHAT: Seventy-five of TV's top showrunners will join their fellow Writers Guild members on the picket line at Disney/ABC Studios. The Writers Guild of America is on strike against the Alliance of Motion Picture and Television Producers (AMPTP)."

· Though backchannelling (our favorite buzzword of the strike) has resumed, the town is quickly succumbing to a bowel-loosening* feeling of dread that the work stoppage could drag on into 2008. The middle of 2008. [*for some reason, fear and incontinence always seem to go hand in hand with us] [Variety]
· Did we mention pants are being crapped over the prospect of a prolonged strike? They are! [THR]
· Guild sources says they were "deliberately duped" into returning to Sunday's ill-fated bargaining session by being told dropping their demand for increased DVD residuals would result in gains in the internet issue. But no concessions were made, shattering the WGA's trust in anything they're secretly promised by charming liars Fox's Peter Chernin and CBS's Les Moonves. [DHD]
· An anonymous, rank-and-file TV writer journals out his fears about the strike's impact on his life, career and bank account: "On a personal level, I can't stop fixating on the toll this is taking on my life and career. First off, there's the simple and immediate issue of money. If this strike goes on for months (some colleagues have even suggested a year), I'll be financially crippled. I haven't been doing this long enough to have any kind of cushion. And unlike the more famous names out there, there's a good chance I won't be able to find work when this is all over. Kiss my career momentum goodbye. [EW.com]
· Hollywood ChantWatch, Everyone's A Critic Edition: While Jamie Lee Curtis supports striking writers, she's disappointed they've so far failed to generate Oscar-quality slogans. [HuffPo]
· Studio executives threaten that they're about to start suspending their long-term deals with striking writers, a move that will also put any production company staffers not shooting pilots or shows out on the sidewalk with them. The layoff fun is about to begin! [LAT]

[Photo: AP]