In a disturbing (yet not entirely surprising) bit of news, MTV Networks Asia and Gigamedia Limited (from Singapore) will be teaming up to bring us a SpongeBob SquarePants MMO:

“Partnering with GigaMedia on the development of a SpongeBob SquarePants MMOG allows us to bring the residents of Bikini Bottom into a whole new world — one that is tremendously popular in Asia and presents unlimited creative and business opportunities for the franchise.”

Say it with me now: Yikes. Read more