As reported on the comments section by ryansxpress, executive producer David Eick has personally stated that the show has been cancelled:

“I just felt that the process was so frustrating, and the conditions under which we were making that show never really came to fruition in such a way that I felt like we could make the show well. We just didn’t ever bring it all together like we did with Battlestar. At a certain point, when it becomes that frustrating, I think you’re better off to say, ‘Let’s try again another time,’ and let it go.”

Eick goes on to rightfully defend Michelle Ryan for her part in the shows downfall, whilst unsurprisingly he doesn’t point the finger of blame at the writers, stating that some of it was “good”. He must be referring to the first episode then. Basically it wouldn’t be clever of him to ostracise writers which he may need in the future (the Re-imagining of the Six Million Dollar Man, perhaps? That’d please Lee Majors!).

So, there we have it, straight from the horses mouth – or at least the saddle, since only NBC can officially cancel the show. I just think Eick owes a better explanation than the ones he’s given. It’s amazing that the ball was dropped, especially when i’m reminded of all the hype and promise.