What if your neighbors were puppets? According to EW, the Peacock network is working on a script with the Jim Henson Co. about a human family who lives next door to a family of puppets.

'The New Nabors' comes from '30 Rock' veteran John Riggi and John Hoffman of 'Afterlife.' Jim Henson's daughter, Lisa, will serve as executive producer on the project.

Interest in Muppets is at an all-time high with the new film hitting theaters Nov. 23. The Muppets also appeared with Jason Segel on 'Saturday Night Live.'

In other TV news ...

Hold on a minute, 'Buffy' is ringing. The new HTC/Facebook smartphone in the works is codenamed 'Buffy,' yep named after the cult-hit TV series 'Buffy The Vampire Slayer.' [AllThingsD]

TV comedy writer Jack Elinson has died. He was 89. Elinson's credits include 'The Johnny Carson Show,' 'Hogan's Heroes,' 'That Girl' and 'The Facts of Life.' [The Wrap]

Kevin Federline is giving TV-driven weight-loss a second chance. Federline, who previously appeared on VH1's 'Celebrity Fit Club,' will appear in Australia's 'Excess Baggage.' [Daily Mail]

Regis Philbin's last day on 'Live!' drew big numbers. Philbin's farewell tour increased the viewership of 'Live! With Regis and Kelly' for the last six weeks. His final show grabbed a 7.3 household rating with 23 percent of tracked homes watching 'Live!' [THR]

Tell us: What do you think of the NBC's 'The New Nabors'?