That's right: there's going to be a MMORPG about SpongeBob SquarePants. So, like World of Warcraft. But with SpongeBob:

MTV Asia and GigaMedia are co-developing and publishing an MMO based on cultural icon SpongeBob SquarePants. The massively multiplayer oceanic online game launches in 2011 for the markets of China, Korea, Japan, Taiwan, Southeast Asia and India. It is the first Viacom (MTV's parent company) MMO to be developed outside the US.

Link via Geekosystem | Image: deviantART user xMaVx