Is Awesome Kong still in TNA?
Well as of right now yes.
According to just about every source on the Web, Kong requested her release from TNA, but TNA denied it.
Where I thought this had to do with the Bubba the Love Sponge incident, it seems it goes deeper.
Kong appears to be upset over the amount of money the wrestling promotion is shelling out for new talent, while they tell her and the other Knockouts they cant get raises.

http://beautiful-wrestling.blogspot.com/2010/02/wrestling-news-and-rumors-awesome-kong.html