We apply a parameterization-independent approach to fitting the dark energy
equation-of-state (EOS). Utilizing the latest type Ia supernova data, combined
with results from the cosmic microwave background and baryon acoustic
oscillations, we find that the dark energy is consistent with a cosmological
constant. We establish independent estimates of the evolution of the dark
energy EOS by diagonalizing the covariance matrix. We find three independent
constraints, which taken together imply that the equation of state is more
negative than -0.2 at the 68% confidence level in the redshift range 0<z<1.8,
independent of the flat universe assumption. Our estimates argue against
previous claims of dark energy metamorphosis,'' where the EOS was found to be strongly varying at low redshifts. Our results are inconsistent with extreme models of dynamical dark energy, both in the form of freezing’’ models where
the dark energy EOS begins with a value greater than -0.2 at z > 1.2 and rolls
to a value of -1 today, and ``thawing’’ models where the EOS is near -1 at high
redshifts, but rapidly evolves to values greater than -0.85 at z < 0.2.
Finally, we propose a parameterization-independent figure-of-merit, to help
assess the ability of future surveys to constrain dark energy. While previous
figures-of-merit presume specific dark energy parameterizations, we suggest a
binning approach to evaluate dark energy constraints with a minimum number of
assumptions.

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