Huh, I did some searching and they did not rescind the tag. I could have sworn I read that they did. But, he has to pass a physical before he would get the 14.8 mill, and officials with the Giants aren't optimistic.
Technically, he's a free agent, I think. He and the Giants never came to a contract agreement. Once they pulled the tag offer, his contract was up in the air again.
EDIT: Maybe they did agree to a contract, but I never saw anything about it.