Sorry to disappoint, but word has it that Fox will not be renewing Terminator: The Sarah Connor Chronicles for a third season.

According to Entertainment Weekly, "It's done," maintains a source close to the show. "Everyone has pretty much known for a couple of weeks." Adds a network insider: "Consider it canceled."

But look to the bright side, even with depressing ratings, the network has yet to make a final decision, and won't until they release their fall schedule May 18.