This doesn't seem to be a hoax. Very brief. Please see:

Microsoft stops new work to fix bugs
http://gcn.com/vol1_no1/daily-updates/17874-1.html

I prefer The Reg's version:
http://www.theregister.co.uk/content/4/23922.html

P.S.  It's not "Microsoft bashing", it's... praising them for their
brutally honest self-appraisal.  Yup.

Steve