After reading about the new Nightmares show on this board, I checked imdb...

Apparently, even though it had "Nightmare on Elm Street" in the title, Robert Englund was the host of the show and NOT playing Freddy or wearing the make-up. Helping people deal with their phobias and any messed-up dreams they had. Anyway, doesn't look like it will ever make it to air...

On the message board there's a posting by someone who was on the show, he says CBS has lost interest and shelved it. He had an online petition started to get the show to air (good luck, buddy). Didn't copy the link, but it's at imdb... see for yourself...