John Gruber, Daring Fireball:
Apple has updated its leadership bios page with Jony Ive’s new title, and new entries for Richard Howarth and Alan Dye. Not sure if there’s anything to make of it, but both Howarth and Dye and are described as reporting to Tim Cook, not Jony Ive.
Hmm... I think it's significant that Richard and Alan aren't reporting to Jony. I see three possibilities:
Jony is going to be in a lone wolf position, unencumbered with managing a team but freely participating in various projects (which would most likely support the last bullet below).
Jony is full in on an important secret project.
This really is the "beginning of the end" of his time at Apple (aside from the possibility of something like a board position).
Here's Apple's leadership bios page.