The James Randi Educational Foundation today announced that the Million Dollar Challenge is not to be cancelled after all. The cancellation was announced last year with a wrap-up date of March 2010. Obviously they've had a change of heart which is great news - the challenge certainly provides a wealth of entertaining discussion material.
Since 1998 the Million Dollar Challenge has been available to anyone who can provide hard evidence of paranormal phenomena or abilities, under mutually-agreed controlled conditions. So far the challenge has not been met.