In defense of Dark Horizons, I've found it to be the most credible source when it comes to reporting things in the works (certainly much more so than Harry Knowles). If Dee Wallace made the quote recently, you can't blame them for reporting it. If you read the article from the San Jose Mercury...
There seems to be some conflicting info on this. I thought this had already been done, but then I read this on Dark Horizons:
"ET: The Extra-Terrestrial: Just when you thought this whole movie changing/editing thing was quietening down, it rears up again in the most ridiculous of ways...