Muhand Rashid sent this in:

The TV Schedule for SyFy shows that WWE NXT will still be airing after June 1, 2010, which would be the season finale of NXT that night. I’m guessing that a new season will start right after the season finale, and also a new cast of Pros and Rookies will be determined.

Check it out:
http://www.syfy.com/schedule/index.php?search_text=NXT.