There is hope for the Kraken!

[MacIronhawk]

I remember seeing that, and they even said they planned on having it before the end of 2009. Obviously, that didn't happen.

It's not worth the wait at all, actually. It really doesn't matter how fun the quest will be, or how good a Kraken boss battle will be, it's been too long for it to really matter.

Raven's Cove seems worth the wait, what with new ghost enemies and all, but not the Kraken. Unless it involves Davy Jones and the Flying Dutchman, there's no way it could be an actual "good" story quest, or better than saving the Pearl.