Monty Python will be getting back together and performing at the 02 arena in London on July 1, 2014. The show will also be released on DVD. They'll be updating their old bits for modern times, and also doing some new stuff.
They announced the show on Thursday, under the banner "Monty Python Live (Mostly): one down, five to go", as Graham Chapman will not be able to attend in person, although he'll likely be there in spirit. There are no plans for a tour just yet. Eric Idle did say that they might be interested in doing another movie together.