That's got to be a rumour, because facts don't spread that fast...
On one of my early trips to Kennywood this year, I got seated with a stranger on Thunderbolt. (You know, ya gotta have a ride partner.) I mentioned to him about my plans to go to Cedar Point, and he, in turn, mentioned the 6 to 7-hour waits for their new ride. He also mentioned he hasn't been there since Corkscrew was new, so it definately wasn't first-hand knowledge.
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How dare you vanquish the Steel Phantom without his consent? Fear the Phantom's Revenge.