Thosand Eyes Restrict may indeed equip itself with a sheep token. The token just then becomes an equip spell token. When TER is destroyed or the equip token is destroyed it dissappears the same as if it where a monster token.
A Monster Token is for all intents and purposes a Normal Monster Card for as long as it is on the field and therfore a perfectly legal target. All that will happen is it will become an Equip Spell Card if "sucked up" with Thousand-Eyes Restrict or Relinquished. Check the ruling for Token Thanksgiving:
Umm.. I don't believe the monster card equipped to TER becomes an equip SPELL card, rather it becomes an equip MONSTER card. I believe that is the new ruling for TER otherwise the equip would be cancelled out with Spell Cancellor on the field.
As has been stated before, the there is no such thing as an "Equip Monster Card." There are only two types of Equip Cards in the game. Equip Spell Cards and Equip Trap Cards. Monsters transformed to Equip Cards default to Spell. And Trap cards that become Equip Cards remain Traps, but now become Equip Traps Cards, now subject to the rules that an equip is subject to.
Spell Canceller cannot negate the Equip Spell Card that Relinquished and Thousand-Eyes Restrict create becasue it has no effect. It is the effect of Relinquished and TER that determine thier own ATK and DEF based on the monster they "absorbed", not the Equip Card itself.
The equipped card has no effect to negate. Its just an Equip Spell Card doing nothing. TER and Relinquished are doing all the work.
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