Wilson made the decision at 11:00 local time after declaring that the course area was, "too dangerous to send the competitors out on."
Wilson said the plan is to run two races back-to-back on the fourth day, with the first warning signal set for 10:00 local time.
Event organiser, Carter Jackson commented, "We're all disappointed we can't go racing, but the waves are in excess of three metres and it'll get worse at 12:40 local time, when the tide turns."
The abandonment did not come as a surprise, the local radar and forecasts showed what was on offer and the foul weather may continue into the fourth day as well.
So what will the sailors and officials do with their day off?
International jury member Tim Went from South Australia said, "I'll probably have a snooze and read a book. I haven't had much sleep, because my room-mate Andrew (Davies) keeps waking me up for a chat in the early hours of the morning!"
Fellow jury member Vicki Gilmour from the USA also thought she might get some reading in, and "Maybe I'll get Andrew (Davies) to show me how to use skype. I'll also watch the weather from my room's window.
Victorian competitor, Jonathan Ross, "If I had a sailboard, I'd be out on it - this is great sailboarding weather. Patrick (McGale) and I sailed the Worlds together in San Francisco, and we had some of the same weather there, so we drank a lot of coffee. We'll probably do that again."
Family and fans can follow the fleet live via the tracker with SAP analysis, video and more on the official site at: www.505sapworldchampionship2011.com/
Top 5 after two races:
1. Wolfgang Hunger and Julien Kleiner (GER) 1-1 2points
2. Ted Conrads and Brian Haines (USA) 7-2 9points
3. Sandy Higgins and Paul Marsh (AUS) 2-7 9 points
4. Michael Holt and Carl Smit (USA) 3-6 9points
5. Jens Findel and Johannes Tellen (GER) 5-5 10points