Ok I just had a good talk with Marc Lumpkin.
It appears there is no truth to this rumor at this time, however with that said sometime in the future it may be the case as contracts are renewed all the time.
So for now it appears SIRIUS is safe if you have AT120 or higher.
The new Sirius promo that is going on is a $30 mail in rebate when you buy a Sirius Radio from your local Dish Network retailer.
Let's hope this puts this rumor to bed for now.
Thanks to Marc for calling me to set the record straight.