I have this suspicion that, except for a couple of the mega-successful shows, the soap opera is on its way out.
NBC has canceled the bizarre soap opera Passions after 8 years. This is the show that included witches (Tabitha, played by Juliet Mills) and puppets that came to life. I know, I know, you're thinking, "why didn't someone tell me there was a soap like this on, I would have watched it!" It sounds like something that I could get into for a laugh or two, though I don't know if I could have gotten into it for the long haul, unless they really went over the top all the time and didn't include serious storylines too.
If you're wondering, the show is being canceled to make room for more of The Today Show, which is expanding to 9 hours in a few weeks.