"Wonder Woman" cancelled, check (being relaunched by Allan Heinberg and Terry Dodson as a One Year Later title - probably with Donna Troy in the lead)
"Gotham Knights" and "Gotham Central" cancelled, check (look for "Streets Of Gotham" and "Batman Confidential" soon.)
"Flash" cancelled… ooh, not check (but with LITG rumouring Bart Allen in the lead, written by Mark Waid… it all ties in nicely for a One Year Later relaunch.)
This has also been reported at other sites. One of the superman books is going to be cancelled as well and restarted as Superman Cinfinential.
Here's a thought: instead of "re-launching" new titles, they make sure that the titles don't suck in the first place?
but. . .but. . .that would require them to make an effort!