Co-Executive Producer of the NBC series, David Eick says “Bionic Woman” is done.

"I just felt that the process was so frustrating, and the conditions under which we were making that show never really came to fruition in such a way that I felt like we could make the show well," Eick tells SciFi Wire "The actress [Michelle Ryan] we found was wonderful. Some of the writing was good."

But, he added: "We just didn't ever bring it all together like we did with Battlestar. At a certain point, when it becomes that frustrating, I think you're better off to say, 'Let's try again another time,' and let it go."

http://www.scifi.com/scifiwire/index.php?category=0&id=50610&type=0

Well, the writer's strike did stop production of this show (and many shows) so they missed the chance to make a few more episodes that might have made the show stronger.

But IMO the show wasn't that great to begin with.

I am sorry to Here this sad news

Too bad, it was a fairly good show.

Lindsay Wagner was, is and always will be the definitive Jaime Sommars.
'Nuff said.