UPDATE: East and West Coast branches of the Guild will vote on Tuesday for the acceptance of the new terms. It's suggested that the writers will be back to work on Wednesday.
(In other news, it's been speculated that Lost will get 6 more episodes in April/May! Good times!!)
CNBC is reporting here that a deal will go before the writers tomorrow (Saturday) for their approval.
Ex-CEO of Disney, Michael Eisner said "It's over, they made the deal, they shook hands on the deal. It's going on Saturday to the writers in general". Once the writers give it the thumbs-up (which everyone seems fairly certain that they will) it will bring an end to the strike that has lasted since November and shut down most TV and some film productions.
Eisner concluded: "A deal has been made, and they'll be back to work very soon," adding, "I know a deal's been made. I know it's over."