Sad news. BioShock's one of the best games I've played, combat was fun, it rewarded attention to detail, and the plot was smart.

[quote=Blitzkrieg]
Knowing how game producers are these days, I have doubts the series is dead.But it would be for the best if it was.
[/quote]

They'll make a BioShock Infinite 2 or a BioShock 3, maybe both together. I suspect there'll be some retconning or details ignored.