No -as with Iraqi Kurdistan they are going to have to be satisfied with autonomy as opposed to outright independence.
They won't be satisfied, that's the problem. And there is no way of forcing them to be satisfied (short of aiding Serbia in a military occupation - Serbia won't be able to do it on its own at this point). It is possible to not recognize their independence - but even maintaining unity there is not very enforceable (unlike China, Serbia can't really do much to punish/reward countries based on Kosovo recognition). In fact, I am not even sure it can be postponed indefinitely - at some point a declaration of independence would happen, and I don't think there are many powers that would be willing to fight it, with sanctions or military action.
No autonomy deal in which Kosovo is de facto dependent on anyone in Serbia in anything can stick at this point. The most that a peaceful negotiation can achieve (and even that would require inordinate inducements) is a provisional arrangement under which, for some specified period, a nominal Serbia/Kosovo state is set up. The leadership of such a joint state would have to be absolutely impotent, without any powers (other than symbolic) whatsoever, and a date for independence referendum would have to be scheduled. It is hard to see why anyone would want to impose such an arrangement, but, perhaps, as a transitional sweetener for Serbia it might be done. If I had to get something out of negotiations, though, I'd concentrate on protection of minorities, not on empty symbolic gestures.
Let's face it. What prevents Kurdish independence is a (very viable) Turkish threat and, perhaps, for now the unfinished division of Iraqi land/oil. There is no equivalent to Turkey near Kosovo and there is no oil anywhere nearby. Does EU want to become an eternal protector of Kosovo to maintain status quo? Does anybody want to enforce (with real blood and money) a symbolic arrangement for the sole object of placating the (not very popular) Serbia?