Well to be somewhat optimistic, they might be in the "let's reevaluate" stage right now, because if they say outright "yes it's cancelled", then people get all upset and then they have to do damage control later if they change their mind. Likewise, if they say "no it's still going" and then pull the plug after reevaluating, then everyone gets disappointed after getting "reassured" that things were still going to happen.