T.I.O. is correct. I read that rumour all over the place back before Survivor Series, and I'm sure the copy-and-paste monkeys at 411 ran it more than once. No, it didn't make any sense, but there was a lot of talk about that being the outcome of the match.
It's funny, because if I remember correctly we all assumed that Stephanie was only going to be "unemployed" long enough to get married and go on a honeymoon. I was watching No Way Out and it occurred to me, it's been almost six month now with no Stephanie. I wonder if there was a change in philosophy after Survivor Series to go with the no-McMahon approach, because all three characters, which had been heavily featured leading up to that card, were gone once it was over (with Vince only making spot appearances rather than being a recurring character with a push).
Frankly, I don't see the need for a change in the Smackdown GM spot. Steph wasn't bad initially when she was just there to make rulings, not unlike Linda, but I don't think she could stay on TV very long before succumbing to the urge to book herself in storylines. Besides, Heyman does a better job of getting the talent over and making the wrestlers seem like the stars of the show.
PW Insider is also reporting this one, albeit without the horribly grim prognosis, and it looks like Meltzer is confirming it at the Observer. That's a huge shame, because that blowoff at the next PPV could have been a classic.