Nike rumored to be axing Fuelband hardware division

Here's one to take with a grain of salt, simply because as of now it's not official. Sources at CNet say that most of the FuelBand team is to be let go, and that Nike will halt production of the hardware altogether. This includes the planned "slim" version to be released later this year, and everything else the 70-odd member team may have been working on.

Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/1_gAQ4O7OUA/story01.htm
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