Striker, indeed the series has not been cancelled, like I said, even more episodes have been ordered already.
So far 11 episodes have shown on SkyOne in the UK, I think they'll air episode 1 on Sci-Fi either today or tomorrow.
If you watched the first hour of the miniseries, and *only* the first hour of the miniseries, I can see where you got the impression it focussed on sex, but further than that, it's nonsense. Yes, even in the series, there's still at least the suggestion of sex between Baltar and the imaginary Number 6, and also some other moments that under Loaf's criteria would probably qualify as such.
But if there's one thing the series really focuses on it's religion. The Cylons seem obsessed with it, and imaginary Number 6, between the kissing and teasing which she's just doing to confuse Baltar anyway (I think, her motives aren't entirely clear), constantly bothers Baltar about God, and how he should give Him his love, and how he is part of His plan for humanity etc. Especially in episode 10 "The Hand of God" there's an interesting twist in this. Not to mention Cylons predicting the future and some prophecies surrounding the president... I find all this incredibly interesting, and can't wait to see where it leads.
The Cylons also have some weird preoccupation with how love works (yes love, not sex)... but I'll stop here, I don't want to give any major spoilers.
Watch it, all of it, only then you may judge. If you still think it stinks, that's your right, but don't judge prematurely, please.