As far as I know that is not true. Ford is already advertising the Cobra on their Web sites (like the SVT site). In addition, Ford has already released complete press kits for the 2001 Cobra. If it wasn't being made, I can't see them doing that now...
But, if I find out anything to back up that claim at all, I wouldn't certainly post it.
------------------
Dan McClain, Editor
The Mustang Works Magazine
1991 Mustang GT - NOVI Supercharged 377 Stroker
1999 Ford Lightning SVT - 2000 Prototype updated by Roush