This was quietly posted last Friday on the PONO Kickstarter page, where more than $6.2 million was raised earlier this year. It’s well known in the news world that Fridays — especially late Fridays — are generally used to release bad news.
PONO is schedule to be released towards the end of this year.

No mention of M.Cutts stepping down from Google Search for 4 months?
They buried the news in search.
Meanwhile you miss the real news story…
http://www.hypebot.com/hypebot/2014/07/neil-young-prepares-for-late-2014-ponomusic-launch-as-new-ceo.html