Several weeks ago, FOX unveiled their latest cop drama called The Chicago Code. The series has the enviable position of following the network’s popular House series. How have the ratings been? Strong enough to get it renewed or will it be cancelled?

The Chicago Code follows officers of the Chicago Police Department as they fight crime while also trying to expose political corruption within the city. Veteran Chicago Police Detective Jarek Wysocki (Jason Clarke) leads the special unit fighting against the corruption. Others in the cast include Jennifer Beals, Matt Lauria, Devin Kelley, Todd Williams, Billy Lush, and Delroy Lindo.

The series debuted to a decent 2.4 rating in the all-important 18-49 demographic and 9.43 million total viewers. In week two, it dropped 17% in the demo which isn’t very good but isn’t horrible either. Since then, the ratings have been slowly eroding. The last three original episodes have registered a 1.8 in the demo with an average of 6.16 million viewers. That’s not very good and puts the series squarely “on the bubble.” It could be easily renewed or cancelled.

FOX has three shows that are basically in the same boat — Chicago Code, Lie to Me, and Human Target.

Of the three, Human Target seems the most likely to be cancelled. It got the lowest ratings and the network already renewed it once in hopes that the numbers would improve. They didn’t. It’s also been off the air for months.

Whether they decide to renew Chicago Code and/or Lie to Me will likely have a lot to do with how much faith the execs have in their pilots for the new season. Depending on available timeslots, they could choose to renew one, both, or neither.

As a result, Chicago Code’s ratings over the next couple weeks will likely play a big role in the decision to cancel or renew the show. Including tonight’s episode, the series only has two airings before the FOX schedule is unveiled for 2011-12 on Monday, May 16th. (You can watch this list to stay updated on what’s renewed or cancelled.)

What do you think? Does Chicago Code deserve to be cancelled or renewed for season two?

Image courtesy FOX.