After months of speculation, ABC insiders say that season five of Lost will premiere on ABC January 21, with an hour-long refresher and two new episodes, Entertainment Weekly reports. The 3-hour special will air on a Wednesday, setting up Lost to compete with American Idol on Fox. But regular episodes will likely air at 9 pm, skirting Idol and instead going up against a new Fox show, Lie to Me. (More Lost stories.)