NBC is preparing to cancel Jason Cahill's The Bionic Woman after only one season. According to TV Guide:
Although NBC isn't talking, I'm told by multiple sources that Bionic staffers were informed late last week that the troubled reboot has indeed been canceled. That means no spring relaunch under new show-runner Jason Cahill - which is too bad. Cahill's a talented guy (see: The Sopranos), and I was anxious to see what he would do with the show. But I guess it wasn't meant to be.
NBC has not officially announced the future status of The Bionic Woman.