cnguy8269, welcome to the forums. Please be advised that you have bumped a 2-month old post with outdated information. For future reference, please always please check to see when the last reply has been made before making one yourself. While I am very sure it was not intended in this case, remember that deliberately necro-bumping posts is a violation of the Overwatch Posting Guidelines.
The Overwatch Archives event is NOT cancelled, and we will see the event sometime this April and it will have new skins and collectibles. However it has been confirmed in the Overwatch 2: What’s Next panel at BlizzCon that the Overwatch Archives event will not have a new PVE mode. You will still be able to access Uprising, Retribution, and Storm Rising from the previous years when the event launches however.
I have a sourced catalog of all information related to Overwatch 2 pinned at the top of these forums, please check it out if you would like to learn more.