Breaking news, according to Cricinfo and the Times. Peter Moores has quit as well. Blimey.
Nothing on the ECB site yet. The main source seems to be Sky news. Another brief report here.
later: looks like Sky jumped the gun a bit. Which came first, the news or the event itself?
Roundup of all the 'day after' comments here. Not an ideal way to begin Ashes year.
There's an interesting article here on how the KP affair can be explained by cultural theory: http://www.matthewtaylorsblog.com/public-policy/kevin-pietersen-the-cultural-theory-explanation/
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