The perils of budding mangaka have been illustrated in Weekly Shonen Jump since August 11, 2008 in the pages of Bakuman, the latest series from Death Note writer/artist team Tsugumi Ohba and Takeshi Obata. Now, as was surely destined from the start, the manga is being adapted into animated form.
The series is set to air on NHK ETV (NHK-Educational channel) in Fall 2010. Though this news hit in the source link below a couple days ago, I wanted a little more concrete confirmation before running with it, no matter how inevitable it seemed. Sure enough, News Paradise (via ANN) confirms an announcement in an upcoming issue of Weekly Shonen Jump.
Viz Media will be publishing the manga domestically, so be sure to check it out when it hits.