Really? I mean come on, can anyone really tell me that this is true?

Nope.

EDIT: It was the same as OB i thought?

You can do timed blocking if you want. Tap LT instead of holding it. Best of both worlds. Options in my RPG you say?

BTW, there's an open thread for this http://www.gamesas.com/index.php?/topic/1239951-block-no-longer-requires-timing/ feel free to join the discussion.