I just happened to find this two year old thread interesting as SBC did in fact buy AT&T, and now the retooled AT&T is preparing to buy BellSouth and in doing so take complete control of Cingular, and rename it AT&T Wireless.
Funny how things work out...
Yes it is. This IS the resurrection. Weirdly, although SBC bought AT&T, Verizon is the one moving into AT&T's corporate headquarters in Basking Ridge NJ.