Apparently the ratings were doing somewhere from so-so to okay, but they weren't nearly enough to justify the show's enormous budget, so Fox has cancelled it. There will be no second season.

The show's creators are trying to shop it around to other networks, but it's generally thought that if Fox can't afford it, no one else will take the chance.

Was anyone watching it? I wasn't, the idea never really caught my interest and I heard conflicting reports about its quality.

There are rumours that Alcatraz will also be cancelled, and that Fringe might find itself on the chopping block as Fox trims the fat (and then probably wastes it all on new shows next year, most of which will also fail).

I've still only watched the first two seasons of Fringe so far, but I found them quite enjoyable and would be sad to see it go, unless the quality has really gone downhill in the past two seasons.

My only real wish is that it would be nice in a perfect world if shows could have enough warning of cancellation to try to wrap their stories up and have a decent conclusion. It's no fun for fans when a show just sort of fades away. But I guess that's the way the dollar crumbles.