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Vinyl has come a long ways in the last 10 years, but next to carpet (which is wrong in a kitchen on SO many levels) it is the least expensive, and negatively affects resale. Still not a bad way to go, though.
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Much to the chagrin of my trendy relatives, I put commercial grade vinyl time in my kitchen, bathrooms and laundry rooms. It is easy to change a tile that is damaged, they are warmer on a slab than ceramic, and easier to keep clean. Use the right wax and they are not slippery when wet.
I predict as more and more people age and get thoroughly sick of slick rock floors, vinyl will make a comeback.