Yes, its true.
CNN had a report on it.
Quote Originally Posted by CNN Money Autos

NEW YORK (CNN/Money) - It's starting to look like the muscle car wars of the late 1960s are coming back for real. Following this year's introduction of the Dodge Charger, the next muscle car name to be resurrected will be the Dodge Challenger, according to a report in the industry weekly Automotive News.



The Challenger will be based on the same platform as the Charger, which shares its mechanical underpinnings with the Chrysler 300 and the Dodge Magnum wagon, according to the report. The newspaper cites industry sources including outside analysts familiar with the development program.



No-one with Chrysler Group, the division of DaimlerChrysler responsible for Chrysler, Dodge and Jeep vehicles. would talk about the program, Automotive News said.



Unlike the Charger, the Challenger will be a two-door car, according to the report. That would put it in direct competition with the recently redesigned Ford Mustang and the Pontiac GTO. The current Charger has four doors.



Like the Charger, 300 and Magnum, the Challenger will be available with an optional V8 "Hemi" engine, Automotive News said.



When it was originally introduced for the 1970 model year, the Challenger was a small "Pony Car" competitor to the Ford Mustang and Chevrolet Camaro.



The car is scheduled to be introduced in 2009, Automotive News said. The report said the company expects to sell 60,000 to 70,000 Challengers a year
Where is the imagination or creativeness in Chrysler, Dodge, and Jeep Corp.?

I find this a bit sad of Dodge. I hope they don't screw this up.