From The Hollywood Reporter:

Sci Fi Channel's "Battlestar Galactica" will live on with "Caprica."

At its upfront presentation Tuesday in New York, the cable channel said that it has greenlighted a two-hour back-door pilot for the prequel, which had been in development for two years.

"Caprica," which is set 50 years before the events in the departing "Battlestar," will begin production in the spring. It hails from the "Battlestar" masterminds Ronald D. Moore and David Eick.

As for "Battlestar," the series' final-season premiere will debut online nine hours before it airs on TV.

The channel also will expand its digital offerings with a game site launching in mid-April as well as "Battlestar" webisodes and a social game based on the show.

The entire article, including news on other shows in development, can be found here.

Personally, I'm sad to see BSG go as it's one of my favorites, but the idea of Caprica sounds intriguing.