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Yes it is true Sources state that "according to Blizzard Co-Found Mike Morhaime, is not really. Morhaime has said in the past that WoW's subscriber base generally hovers around the 11.5 subscriber mark, so 11.4 million seems to be right on track. Morhaime also mentioned that as of March subscribership returned to pre-Cataclysm levels..."
"Morhaime also acknowledged new competitor MMOs stealing World of Warcraft's subscribers, the main one right now being" Rift "and probably" SWTOR " in the future. He said even though new games and competitors are surfacing, Blizzard is used to their players leaving for a time period to try the new games out and then coming back to World of Warcraft, "So far, there is nothing to indicate that this is any different," he said."
To me the key words here are SO FAR.
Should be intreasting to see by the end of this year if that 11.4 drops or not.