Say it ain't so!

Some bad news for all you competitive gamers out there, the World Series of Video Games has been canceled.

Effective immediately, Games Media Properties will no longer produce the World Series of Video Games. The remainder of the 2007 season in Los Angeles, London and Sweden is cancelled.

The World Series of Video Games launched with the goal of expanding interest and participation in competitive gaming. Over the course of two seasons, we have been honored by the strong support the community has shown in attending our festivals, and watching our competitions online and on television-- all in record-setting numbers. We have been grateful for the generous support provided by Intel and other sponsors since our inception.

. You can read the rest of the announcement and the FAQ by clicking here.