Chaosium recently spoke to Tom Lynch of Miskatonic River Press. Although the Punktown Kickstarter is way, way overdue (launched in Nov 2012!) a 50% preview of the book has been recently shared with backers, and the second half is in the final stages of layout (work on this being undertaken by Angus Abranson of Chronicle City for MRP).
For this reason Chaosium has decided to keep the Punktown license in place and hopefully see this much-delayed project through to completion in the coming months.
More details here: https://www.chaosium...own-kickstarter