For what it's worth, this announcement comes at the end of Microsoft's fiscal year. It's interesting to note that one of the main points of the announcement is

For what it's worth, this announcement comes at the end of Microsoft's fiscal year. It's interesting to note that one of the main points of the announcement is that the Kin team will be merged with the Windows Phone 7 team. This is likely a move that has been planned for a while, but only announced today, since the official re-organization will go into effect tomorrow.