They're cancelling it? Well despite the fact I enjoy Spongebob it'll be interesting to see reactions from a friend of mine (who is a little too obsessed with it.)
EDIT:
Yeah I just checked. They were false rumors.
I have that exact v3! :D Sadly it broke on me (for some unknown reason) It just started saying 'no battery' every 5 minutes even though there was definitely a battery in there... But yeah that was my one and only v3.