TL;DR: Pebble run out of money and can't fulfill orders anymore. Fitbit has bought their IP and has offered jobs to about 40% of Pebble's employees, while Pebble the company is shutting down. No orders will be fulfilled anymore; Kickstarter backers will get refunds. Fitbit is phasing out Pebble's product line. As for what they will do with the IP, only time will tell.