Will there be a PRIVILEGED season 2?

will there be season 2? - Privileged Casts.
@ashia101 (203)
Philippines
July 8, 2009 11:22pm CST
It's been quite a while since the season finale of the PRIVILEGED and no one ever confirmed when the season 2 will be. I've read some forums saying that there won't be anymore.IS THIS TRUE?I've been really looking forward to season 2.
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