What do you think will happen with the Kraken?

[skullduggery bones]

If you went to the celebrations at the Rowdy Rooster last weekend you would have caught Captain Walter talking about the Kraken coming, being a 'fierce and terrible' sea creature and needing much STRONGER ships, STRONGER weapons (he spoke of a new flaming sword??) and a LARGE crew. So personally I think this won't be a small event but something more along the lines of a Boss Battle. And it's coming soon.
As for stopping paying until then, I don't think I could ever stop. I have 2 unlinited accounts (one founder status) and a test account so I always have plenty to do. And to be honest I dont think a pound (UK) a week is much to pay for a game you can play 24 hours a day.