From Animation Scoop (via Boing Boing):

Bugs Bunny, Daffy Duck, Porky Pig and other marquee Looney Tunes characters will be featured in their classic pairings in simple, gag-driven and visually vibrant stories. Each cartoon will vary from one to six minutes in length and, from the premise on through to the jokes, will be “written” and drawn by the cartoonists, allowing their own personality and style to come through in each cartoon.

Based on 'Dynamite Dance' above, I have every reason to believe that these new shorts are going to be nothing short of greatness.