Last week, in an attempt to do damage control from the effects of the ratings juggernaut known as American Idol, ABC reshuffled its Wednesday night sitcom schedule. But will that move be enough to save newbie sitcom The Knights of Prosperity? Probably not. It looks like the show’s fate may already be decided.

The Knights of Prosperity debuted on Wednesday, January 3, 2007 on ABC. The sitcom follows a gang of misfits (the “Knights”) who come up with the idea to burgle rock-legend Mick Jagger’s luxury apartment. The show was initially going to be called Let’s Rob Jeff Goldblum but was changed to Let’s Rob Mick Jagger when Goldblum’s Raines pilot for NBC was picked up. That titled was changed to Knights of Prosperity, perhaps at the request of Jagger who appeared in the premiere episode. The series features actors Donal Logue, Sofia Vergara, Lenny Venito, Maz Jobrani, Kevin Michael Richardson and Josh Grisetti.

Up against the ratings hog Sugar Bowl, the debut of The Knights of Prosperity garnered a 4.4 rating (less than five million households). The next week, up against regular competition, Knights attracted 3.5 million households. Then, once American Idol hit, things got really bad. The latest episode of Knights dropped once again with just over 2.5 million households.

In moving the sitcom from 9pm to 8:30pm it seems that ABC has some faith in Knights of Prosperity and is trying to save it. Still, it looks like the sitcom’s fate may already sealed. One source has reported that ABC has told the Knights writing staff that they won’t be ordering additional episodes beyond the initial 13-episode order (like the “back nine” episodes to fill out a full season). There’s no word of Knights being pulled from the primetime schedule but this does mean that the show is essentially finished.

No word on the fate of sister sitcom In Case of Emergency. It’s been getting equally poor ratings but is still stuck fending for itself it the sitcom’s regular timeslot. Up against Idol? Talk about an emergency…stay tuned!