SanDiego1K credits me with finding that Telegraph article, but I've done some digging on the hotels that they mention as opening 'this year':

Mandarin Oriental: showing on their site but not bookable / no opening date.
Jumeirah: on their site as a future opening but not in the 2011 section.
Baglioni: on the website but with an 'end 2012' opening date.

Given that, I have low expectations on the PH... sadly