OP is correct, I have also heard rumours that bitcoin will soon have a divider applied, it's purely a language thing, one satoshi will still be the same, the new bitcoin will be 1 current millibitcoin.
The divider will make "coins" seem reasonably priced again.
Currently noobs and kids think "holy crap, i can't afford even one bitcoin, screw that!", but when they can get one for a dollar they'll do it.
The rumor is wrong. There is some momentum on naming 100 satoshis = 0.000001 BTC = 1 microbitcoin = 1 uBTC = 1 bit = 1 XBT, but actually changing the value of a "bitcoin" or "BTC" is not in the cards.
It will not drop to $1 because I will buy them all at $1.01 each.