Microsoft 'Cancels' 1 vs. 100 [Update]

[Update: 10:30am] The official press release regarding the cancellation of 1 vs. 100 can be found on Microsoft's Xbox 360 Press site.

[Original Story] Reports are circulating that Microsoft has officially canceled its Xbox Live-based game show 1 vs. 100. In its beta season, 1 vs. 100 surpassed over 114,000 users and became recognized as the Guinness World Record holder for the (very specific) category of "Online Console Gaming Service With The Most Users."

According to Videogamer, Microsoft Game Studios general manager Dave McCarthy said the following in regards to the cancellation:
When we started on this journey, we knew we were creating an entirely new genre of entertainment that would be a continually evolving concept. We're very proud of the 1 vs 100 team and their accomplishments, and are excited to apply what we've learned to future programming.

Videogamer also notes the team responsible for 1 vs. 100 will use the technology from the game to develop "new projects that will be unveiled in the future."

Presumably, the ability to poll live viewers during ESPN events on Xbox Live is part of the technology extracted from the development of 1 vs. 100. Shacknews has contacted Microsoft for further comment on the cancellation but has yet to hear back at the time of publishing.