Yup, that's sad, but true.
Some about it:
http://diablo.incgamers.com/blog/comments/activision-blizzard-q4-2010-investor-conference-call/

I want to make sure it’s clear that what was stated on the investor conference call was this: Blizzard has not announced a release date for its next global release. IF we don’t release a major title in 2011, then for planning purposes we would expect to launch 2 titles in 2012.

This has been misreported/misinterpreted as an announced release schedule for 2011 and 2012, which it is not. While we’re pleased with the progress of Diablo III, we have not announced a release date for it or for any other upcoming Blizzard game. We’re currently contacting a number of outlets to request that they make the appropriate corrections in order to avoid any further confusion.