Actually, I think this is true for the following reasons.

A few months back, Kotaku reported (site down due to Storm Sandy) that the Versus team had been disbanded and is working on other projects. People immediately speculated that it was because the game was cancelled until Yoichi Wada tweeted that it was not cancelled. In light of that the leak didn't make sense. Until now. Versus ISN'T cancelled but the team IS disbanded, working instead on FFXIV. In case you guys haven't figured it out, SE is not going to announce FFXV because they think it will make FFXIV a failure.

So Kotaku's story WAS legit, but probably just misinterpreted based on it being a low level staff leak. Today's leak confirms it.