Yep. Given Opera's history, my guess is that the board wants less of a 'true technology believer' and hasn't been happy with answers to the 'Come on, explain again about Chrome? Why don't we have that market share?' conversation.
http://gs.statcounter.com/#mobile_browser-ww-monthly-201005-...
Apple - included. Android - included. Windows phone - included.
That's not to say that there isn't a role for after market browsers like Firefox and Opera, but the opportunity has significantly diminished.
Given that mobile and operators has been the major source of revenue for Opera, the company might have some very challenging decisions to make.