Oh yes, it's true, I was just waiting for the proper press release.
More news about all this soon, but for now I have a slogan already:
"If it's good enough for OU, it's good enough for YOU!"
That is wonderful. It's nice to see a big distance education provider sinking that kind of money into Moodle. Hopefully this will bring more functionality specifically tailored to those of us involved in using Moodle for distance learning, not just brick and mortar institutions.