Is Plan Colombia on its way out?

This just in from Hugh O’Shaughnessy in The Independent:

Washington’s “war on drugs” in Colombia is collapsing in chaos and corruption, and the drug producers are winning. The so-called Plan Colombia, which has cost the US more than $3bn (£1.6bn) in the past five years, is being abandoned, Secretary of State Condoleezza Rice has announced.

I don’t have any other confirmation. If this is true, it’s huge!

Update: I’m taking this one very cautiously. Several other international papers have picked this up, but only as a reprint of the O’Shaughnessy article. Nothing on the State Department press site, and as of Thursday, Rice was still talking about asking for more money for the Andean drug initiative.