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There's been a talk about Kray on Vray forum...
haha well another god reason for us to keep supporting and developing Kray then 
"kray has been out for lightwave for some time now. As for how close it is to V-Ray, I can't really say since I haven't worked with it... We don't have any immediate plans to port V-Ray for Lightwave at this time.
Best regards,
Vlado"

"kray has been out for lightwave for some time now. As for how close it is to V-Ray, I can't really say since I haven't worked with it... We don't have any immediate plans to port V-Ray for Lightwave at this time.
Best regards,
Vlado"