This all seems to point to the likely end of the show. Sunday night is prime real estate, and if you don't bring home the ratings they show you the door.
http://www.tvtome.com/AmericanDreams/The Peacock has officially cut the show's third season to 17 episodes, two short of its expected 19-episode run. Also as expected, "Dreams" will sit out the February sweeps period, returning for its final four installments in March. "Dreams" creator Jonathan Prince reportedly planned for the show's 17th episode this season to serve as a cliffhanger leading into a two-part finale. It's not clear though if any adjustments will be made in light of the episode rollback. Through its 13 airings this season, "Dreams" has averaged a modest 7.53 million viewers, down 12.65% from the same stretch last season (8.62 million). And when compared with its freshman season after 13 episodes, "Dreams" is off a significant 33.13% (11.26 million). No decision however has been made about the show's future and it's likely a final verdict won't be announced until May when NBC announces its fall 2005 schedule.