Not sure if I believe Krishna/Wichita is scrapped (and yeah GloFo problems didn't make sense for that), but if it's indeed delayed to Q2 as was indicated by some roadmaps it could really make sense if there's a successor already in Q4 2012.To me it sounds like someone misunderstood something along some point, which then got spread as news. "Deccan disappearing" could just aswell mean that "Deccan" will be known as Brazos 2.0 officially, if the news have any reality behind them.
Reportedly there's also very limited capacity available initially for 28nm, so it just might not make sense to make a 28nm low-end chip in that timeframe.
AFAICT Brazos 2.0 is nothing more than a marketing update, maybe with a new stepping of the same chip.