Just how many "beloved" franchises of old do you think EA plans on resurrecting all at once? I'll fully admit that it is all speculation, but just what makes you think that the "more likely" solution is that BOTH games are in the works?
The simplest answer to this question, much as it sucks, is that Road Rash is the title in question. I'll grant that it's entirely possible both are in the works, but it's certainly less likely than only ONE game being in the works. Either that or we've time warped back to 1998 and we've got another STRIKE game coming while we're at it (which, I admit, would be nice).
It just seems more than a bit convenient that shortly after this RedLime is announced, suddenly someone lets slip about licensing their material for a game called Road Rash. I hardly think that an anonymous blogger claiming that it ISN'T a Road Rash title is any more authoritative on the issue. This is the same person who said that EA had a big space project that wasn't Wing Commander, but then had another one that IS, and was exceptionally vague on both points.
And just as a point- I never said anything was definite. Pointing out that a story was posted, admitting it'd be disappointing if true, and also conceding that it WOULD make sense if the story were correct in its assumptions, is not a declaration of fact in any way shape or form.