I like to think they couldn't possibly be this stupid, but history shows otherwise. Let's just hope this is a rumor.
Reboots have historically never worked for DC, especially the way they go about doing them. Neither Crisis or Flashpoint worked, at least not in the long run, the former creating the problems it set out to "solve" and the latter compounding the issue even further. Honestly, wishing for a coherent DC universe is pretty much a lost cause at this point, and I'd rather follow the Ultimate-style alternative line that others have suggested here.