A recent report from the Sanyo Newspaper in Japan has announced that Takanashi City is investing into a new 'Tenchi Muyo' anime series. However, this incarnation is not going to be like previous versions of the anime. Going under the tentative name of Ai Tenchi Muyo!, it is slated to be an episodic series of 5-minute shorts going for 50 episodes. Original creator Kajishima Misaki is confirmed to be working on the project.
The series is slated to start broadcasting October 2014.
Source: The Fandom Post