The committee for the Asia Series met on the 27th and are leaning towards canceling the event again this season. Reason? There just isn't enough time.
While the Nippon Series is set to end by 11/7, that doesn't take in account the 2010 Asia Games, which will run from the 12th to the 27th. Since the Games are taken fairly seriously in Asia, it would probably be difficult to hold the Series during this time. There's also a good chance that NPB players, as well as players from other countries, will be taking part in the Games. It's also highly unlikely the players would agree to holding the Series after the Games, since it would bite into their off-season schedules.
For now, it seems the Series won't be back until next year.