According to SaveDeadwood.net:

“On June 4, it was reported that HBO and David Milch had reached a tentative agreement to extend “Deadwood” past a third season by producing two two-hour film “episodes”. While this is not the full fourth season we had been hoping for, Milch has stated that he believes it will allow him to complete the story he envisioned in a satisfactory manner…Negotiations with the cast and crew must still be undertaken; we hope that these will resolve to a fair result for all concerned. We will continue to monitor progress, and make no mistake, stand ready to mobilize again should it become necessary.”

This is good news for Deadwood fans that feared that storylines would not be resolved without a proper series finale. I certainly hope that negotiations with the cast and crew go well and the films go off without a hitch. For now, let’s enjoy season three.

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