When I was looking around for a toy, I came across the NBC(?) site for the show, and it said they did not renew it, and disassembled and threw away the set. Then it got renewed for a 2nd season of, I think, 16 episodes.
ETA- the show is about a giant, secret group that has been working with biological engineering since the 50's. They cloned their first animals in the 70's. They have grown dinosaurs, too. But the sea monsters are engineered from scratch. One of the most troubling things about them is the fact that they survive in holes they dig under the surface of the earth, inside the Earth's magma. That is just a little too damned far fetched, even for this show. It seems as though this secret organization is collecting samples of every living organzism, and that these sea monsters were created to kill off the planet, and then they will use the samples to rebuild the earth once that has occurred.