Thomas, Heroes Reborn would probably be a better example. 

Even so, I'd really be surprised if that's the way they went because it just seems so pointless.  You get that supposed legion of new fans that were just waiting for a ground floor to come in on (or whatever those needy bastards require :-) ) all interested in a new continuity and then switch back to the old one?  What's the point of the exercise then? 

Now if the whole thing tanks, it's all up for grabs.  But if it does okay, my biggest hope is that once the initial rush subsides, we'll get a group of books under the "DC Classic" tagline or something where Superman can be married, Wally can be the Flash, Barbara can be Oracle, the JSA are still going strong, etc., etc.  Kind of like turning the most recent DC Earth into "Earth-2" and the new books as the new "Earth-1." 

But I was wrong about the reboot and I'm prepared to be wrong again. :-)

From the interview Kip linked to:  "This is a huge wave going through the DCU, and part of that wave is that most of the Bat-verse, and the DCU at large, are going to be shown a bit earlier in their careers, a bit less experienced. We don't want the characters to already know everything. As time goes on, at both DC and Marvel, characters notch up so many victories that we often start to think of them as infallible, which is kind of death for adventure fiction."

That's a fair comment, but to me it's an argument for introducing a new generation of heroes rather than rebooting the ones you have.  If you stick with the same characters, but kick them back it can either come across as doing the same thing all over again or you change so much that the characters are only the characters in name only. 

It's one thing to recast a new character in the title role of superhero book because there's only so many good superhero names to work with, but if, say, Oliver Queen isn't going to act like Oliver Queen as we know him, why call him Oliver Queen?  (Not saying I know anything about the new Green Arrow book; just picking a name out of a hat.) 

QUOTE: My theory, Dave, is that Grant Morrison's Multiversity series will restore things next summer. (In fact, I think these books take place on an alternate Earth or Earths.) I think it's The Age of Apocalypse on a bigger scale.

LOL I knew it. There's going to be one character who remembers the correct universe

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INVISO TEXT (Click or highlight to reveal): Even when Gotham City was just a one-horse town, crime was rampant – and things only get worse when bounty hunter Jonah Hex comes to town. Can Amadeus Arkham, a pioneer in criminal psychology, enlist Hex’s special brand of justice to help the Gotham Police Department track down a vicious serial killer?

At first glance, it seems that they are gonna play Hex as Cowboy Batman.

Let's hope you guys are right.