Keep your eyes open and take everything you see in the 'mainstream press' with a grain of salt. Jim Finkle, we now have our eyes on you. Unnecessary drama [PDF warning] arouses suspicion about ulterior motives.
Update: Here is another confirmation (this time from RMS), in case one was needed to show that Reuters was wrong. The previous confirmation came from Peter Brown of the FSF.
At this point it would be rather foolish to assume that IBM will let Red Hat just "do its own thing" or maintain its corporate culture, identity, projects etc.