There have been no reports that Snow Leopard is dropping Rosetta and Apple is unlikely to do so. It may seem like a good idea to cut old PPC related stuff, until people realize that many still popular apps no longer work. Like Office 2004. Personally, I think many people would be up at arms if they couldn't play Starcraft anymore.
However, I do think this will give Apple an excuse to drop Rosetta as soon as possible. Probably in 10.7. Perhaps they were already planning on doing this, but this gives them another justification. I also wouldn't be surprised with the Mark Papermaster thing, if IBM refuses to relicense Rosetta to Apple when it comes up for renewal.
I would be up in arms about Starcraft!
Besides, this has nothing to do with Apple.