User Danneman has posted several times that Ovi Store is cancelled, which is not true at all.
What Danneman may be confused about is recent news that Nokia's photo-sharing website Ovi Share is being frozen in favour of Nokia offering third party photo-sharing solutions such as Flickr etc. But Ovi Share isn't being cancelled either, being frozen means it's still running just like before but won't have new features added for the moment (and it may be unfrozen in the future).
Just for people who are still confused:
Ovi Share = Nokia's equivalent of Flickr
Ovi Store = Nokia's equivalent of iPhone App Store
The only thing Ovi Share has in common with Ovi Store is a similar-looking name.