Are they getting rid of the Penny?

I know the proposed bill is over a year old but I just found out about it last night, so I'm talking about it.
There is a bill currently in circulation proposing the elimination of the penny.
The fiscal arguments for getting rid of it are hard to argue against, but I personally look at it as getting rid of the mini-portraits of Lincoln that I carry around in my pocket.
Here are some links about it...
click on them to see more

Jim Kolbe the man who wants to get rid of the penny

The anti-penny website

The pro-penny website

A history of the penny