I've heard that speculation, too. Thing is, though, that the "certain coaster" is a bit more inversion-oriented. With Steel Phantom, there was a healthy chunk of ride leading up to the loops. On the Virginian coaster, though, if you took off the inversions, you don't even have a "hypercoaster." Besides, the park already has a great non-looping monster, so one has to wonder if they'd really opt for a sub-200' non looping coaster... And, as far as I know, Morgan isn't in the inversions game. Not yet, anyway.
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Matt Lynch, who doesn't know why he's being secretive...
Co-Webmaster, Kennywood Boulevard
http://kennywood.coasterbuzz.com