That didn't take long.

After only a few weeks, Microsoft has decided to lay it's KIN project to rest. It's not completely official yet of course.. Verizon still has product to move. Here's the closest thing to official word on the subject;

"We have made the decision to focus exclusively on Windows Phone 7 and we will not ship KIN in Europe this fall as planned. Additionally, we are integrating our KIN team with the Windows Phone 7 team, incorporating valuable ideas and technologies from KIN into future Windows Phone releases. We will continue to work with Verizon in the U.S. to sell current KIN phones."

Source(s): Engadget Gizmodo Boy Genius Report