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In speaking with one of Piper's representatives today, I was told that while Piper has taken time off for health-related issues after wrapping his most recent film, he is not dying and was not diagnosed at that time with being terminally ill from cancer.
I was told Piper was advised by his doctors to take a break from his work schedule to recover from some health issues and is doing so.
An official statement from Piper's representatives may be forthcoming, but in any event, no, Piper is not terminal with cancer.
All that said, do keep Piper in your thoughts as he deals with his health issues.
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