This doesn't sound all that bad to me...
Merely sounds as though meego is becoming the new maemo.
And during that transition maemo will still be supported by Nokia.
Nothing terribly surprising there....

I hope maemo is able to survive in it's own right for the long haul though.
It may be able to contribute an interesting thing or 2 to the meego project & vica-versa
So long as there's not any unnecessary duplication of efforts, it can still remain relevant.