Yeah, the rumors are true, but the merger can't possibly happen until tons of hurdles are crossed including a vote by both companies' shareholders. You remember all the SquareEnix stuff last year, same stuff would apply here.
It will be interesting to see what happens in the long run. I'm not as surprised as I was about SquareEnix though. I guess Enix needed the support, but I never thought Square was really financially weak (though they really shot themselves in the foot with that movie). While Enix seemed to strike gold with just DQ, Square tended to create many, many excellent titles that sold very well.