User blog comment:Avataress0/Cancellation Freak Out!/@comment-68.228.153.159-20121014022244/@comment-1038387-20121016150124

This isn't even a blog full of rumors, it's a blog full of fantasy. We don't know anything about Milestone's status. We're still completely in the dark. Of all the rumors, this one's the least likely.

Changing the name of a character may seem easy, but (if it's him) he's called Virgil Hawkins already on production art et cetera - a change could not happen so superficially as only the credits.

As for the footage of him with his powers being cut:
 * The duration of the episode does not suggest anything was cut.
 * Shimmer only just discovers her powers, and can't get a grip on them. We saw "Virgil" use his powers in the trailer with some skill - not something you do when you've just discovered them.
 * The shot of Tye tearing up the El Paso bus depot wasn't shown either.