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I think they'll add it around March 17th of this year (the time they once hinted at a possible Kraken appearance).
Some things apparently happened last year that delayed the release of content, and I think that instead of releasing it later in the year, they chose to wait. They hinted at, something would be coming to the waters when it turned green (around the 17th or March), and there wasn't any major content released until late August, early September. They probably fixed whatever was wrong by then, but decided to wait until the original time they wanted to release anything, and instead brought in the new level caps, caves, and so on, just to try and satisfy people until its released. That is just my guess as to why.
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