It's not clear if US is going to be Chip+Pin or Chip+Signature. This is going to add some confusion come next year.
I've received two new cards in the last month with a chip in them - both were chip and signature.
Edit: Chip cards provide a Cardholder Verification Method List (CVML) to the terminal. The terminal then decides what method it'd like to use. Options are PIN online, PIN offline plain text, PIN offline enciphered, Signature, or No Authentication.