I grew up with Toonami. To me it was what made cartoon network so great. I was there when it first aired. I watched it for years. Well till I got older.
It was the one thing that showed me decent anime. For the most part when I was younger. I never knew what anime was even though I had watched it till that point.
Dragon Ball z "Even then I made fun of it"
Reboot
Outlaw star
Thunder cats "The original one of course"
Voltron
The Real Adventures of Jonny Quest "horrid cg by the way"
G force
Tenchi Muyo! "This had so much sexual innuendo. Good times."
Gundam Wing "Little odd at time, BUT STILL GIANT FING ROBOTS IN SPACE!"
Gundam 08th MS Team "Fucking awesome. Nuf said!"
Justice League "This was a great show"
YuYu Hakusho "Got a little dumb at the end. Still a good series."

So yes there bringing it back on Saturday Nights. So for once Cartoon Network Listened to there fans.
But there is a question... Many questions. Will it have new anime? be more adult focused? And what kind of anime. There are a lot of good ones out there.
They will be needing some good stuff to stay afloat. It will be nice to have good anime Back on the tv. Lets hope they don't blow it!

It's coming back on May 26! I'll be tuning in for old times sake.

Links
http://www.adultswim.com/shows/toonami/index.html
http://en.wikipedia.org/wiki/Toonami

Yeah i actually grew up with it as well and i fucking loved it. I actually found a site called http://www.toonamiaftermath.com/ that has all the old toonamia shows and it brings back the good memory's lol.

Good portion of what they showed I had allready seen before they aired it,

It was good how they did show alot of good anime, but its amazing on how much they acually editited out.
Tenchi Muyo and Inuyasha were two perfect examples. The Inuyasha series were acually cut short becouse they bought the rights to it before it was done.

But all that beeing said, they were one of the first to expose acuall good anime without having to downloand it or happen to have access to one of the rare anime channels out there.