Well, it is indeed official. Microsoft posted their press-release on January 27th 2009 letting us know that Peformance Point will be dropped (still supported, and a new SP coming out soon as well though).

Thankfully it is not all bad, Performance Point was a new product – not widely adopted yet and now they will start shifting the monitoring and analytics capabilities to SharePoint.

Read Microsofts official press-release: Microsoft Brings Business Intelligence to the Masses With SharePoint