GameSwank.com have just received confirmation (from EB of all places) that THQ have not cancelled Saints Row. An EB employee has advised -
We have received word from THQ that Saints Row is still in development for the PS3, anything else you may hear is just a rumour.
Not only have EB Games received an audible confirmation from THQ themselves but they now also have the display cases for the upcoming title.
No date appears to be set for this title as yet, follow the link below to view images of the upcoming Box Art.