Saint's Row has been cancelled - also, Saint's Row 2 announced!
The cancellation will surely upset some people, but I'd rather have a fully developed and polished sequel than a port of a 9 month old game myself. It will give THQ more time to familiarize themselves with the complex architecture of the PS3 and tweak the gameplay of the series. The game was pretty good, but had some technical and gameplay issues (jaw-droppingly dumb storyline aside) that I hope they fix in the sequel.