That’s the word on the block, anyways, according to CNN.com:

The pay cable network has opted not to pick up the options of the actors on the show, releasing them to pursue other projects. “Deadwood” creator David Milch is shifting his attention to “John From Cincinnati,” a one-hour project he is writing for HBO. The surfing-themed drama has been ordered as a pilot, subject to finalizing deals on the financial and talent side.

Just more sad news from the TV front, I’m afraid, and only a few weeks before season three is set to premiere. We can only hope that HBO doesn’t plan to conclude their two top-rated dramas (including “The Sopranos”) in the same year. And if they do, then they better have something just as good to replace them.