In a South by Southwest interview with Grantland's Bill Simmons, which was released today, co-executive producer Brian Grazer said they're doing 17 more episodes of the show. He starts talking about it at around 24:25,-and seems pretty confident about it.
Netflix had no comment about the alleged fifth season, but reactions on Twitter seemed to vacillate between excitement and exhaustion. The format of season 4 was so divisive, this is either the best or worst idea.H/T Splitsider | Photo via Netflix