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"Felicity" Bidding Farewell?

And you thought college graduates were more likely to be employed: Turns out Felicity may be picking up her diploma and bidding farewell at the end of this season.

After four years on the WB, Keri Russell's curly-locked coed is not returning next fall, E! Online's Wanda reports.

WB Entertainment President Jordan Levin told reporters Tuesday no decision has been made on Felicity's fate, saying its future will depend on how the show performs when it returns in April. But one cast member, who asked to remain anonymous, says they were told Sunday that Felicity would not be coming back for a fifth season.

Sources cited several reasons for the decision: When Felicity returns from hiatus with 11 more episodes, not only is its lead character graduating from college, but the show also will have racked up enough episodes to reach the magic number for syndication. Combine that with the fact that series creator J.J. Abrams now has his hands full with the new ABC hit Alias, and it was decided (by whom is unclear) that this season would be a fine time to pack it in.

Ratings-wise, Felicity was showing signs of age, and some observers have pinned the show's fate on whether its midseason replacement, Glory Days, could fare better on Wednesdays at 9 p.m. Kevin Williamson's new thriller doesn't debut until Wednesday night, but network suits are expecting it to perform well.

For its part, Felicity wasn't doing horribly--The show averaged 3.2 million viewers on December 19 before going on hiatus, according to Nielsen Media Research. But it was clear that the series--along with its graying Wednesday night partner, Dawson's Creek--faces a limited future on the teen-oriented network.

Felicity, starring Russell as angsty New York college gal Felicity Porter and costarring Scott Speedman and Scott Foley, has had its brushes with cancellation since its 1998 debut. The Touchstone Television production almost didn't live to see a third season, and WB execs forced the series to share a timeslot with Jack & Jill the following season. Fans, rabid about making sure the show survived, even resorted to chopping off chunks of their hair and mailing them to WB execs to show their support.

Meanwhile, things look a tad more secure for three WB shows, as the network announced Tuesday it's renewing sophomore sensation Gilmore Girls and rookie breakthroughs Smallville and Reba.

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