Thank f*** for that. The 2 Toy Story films are about as perfect as films get. To do another one would probably not be as good and spoil the whole series. I think its great that Pixar sticks its neck out with each new film and creates new stories and characters. Well, except for Toy Story 2. Ummm. Yeah but you know when say you see a film you think is great and they do a crap sequel, it somehow makes you feel less good about the original film? Shouldnt do but it does.
Take for example, The Matrix. Great first film. But now whenever we watch it, the bit at the end when they are off to that underground city (Zion, is it?), we know they are off to some stupid shitheap where they have crap "raves", and Neo is off on some non-sensical quest to do whatever exactly it was he ended up doing, Im still not entirely sure.
Also T3. Now you cant watch the end of T2 and think thats that. You know there is this whole next episode that is a load of shit. You know that the guys in the 2nd film didnt suceed at all.
Having said that, I am quite fond of Alien 3, even though killing off Newt and blokey-whatshisname who was also in the ship was a terrible idea.
Anyway, my point is, I am glad that Toy Story 3 is cancelled. Although if the Pixar guys decided to do it, I trust they would make it excellent and I would certainly see it.