False or not, it's a complete farce and a waste of people's time either way. It should have ended as Shepard pushes the console to open up the citadel, followed by an end cinematic and some epilogue text describing the outcome of your decisions ala Dragon Age. As it is now it's either "thx for playing, sux d00d" or "lol you have to wait for the DLC in the coming months."
There was not nearly enough Jack in this game to justify all this bullshit.