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The awards weren't cancelled, No Award is always on the ballot. It's a preferential ballot, and it's always likely that there are some nominees you don't like, so you can put "no award" above them. Since most of the shortlists were rigged by trolls this year, a lot of people didn't want any of the entries to win.
Some people are treating it as a victory over the idiot Puppy campaigns*, but it still looks like everyone loses to me.
*If you think SF fandom has "gone wrong", somehow, then maybe try picking a great book and getting behind it, instead of flooding the ballot with mediocrities and insulting and alienating the neutrals whose votes you need.
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