Yes he did.
He misspoke. He was fumbling for words quite a lot compared to previous presentations he gave.
You've seen what the Disney Parks Twitter said:
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"An
updated nighttime spectacular"
From the Disney Parks Blog:
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Again: "updated."
Now, compare that to what the DPB says about the EPCOT show:
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Notice how it says "all-new nighttime spectacular" and "this new show" and not "updated."
They're using their language very carefully.
And we've posited why WDW doesn't want to embarrass itself by simply saying the old show is coming back without plussing it in some way.