Yes, that is true. MIPS Technologies held patents on the MIPS ISA and most of those were transferred to Imagination when we completed the acquisition. However, many of these patents are also owned by an internationally-backed consortium which includes ARM:
http://www.arm.com/about/newsroom/arm-announces-participatio...I think this announcement is particularly important because it gives students the chance to study a piece of RISC history. When I was in University studying for my Electrical Engineering degree, we were asked to clone an 8-bit MCU. While it was a useful exercise, everyone was dreaming of seeing a fully open MIPS CPU. We were taught it yes, in the Computer Architecture course, but never got a chance to see any RTL code.
RTL code + slides beats slides in my book so that's why I feel this announcement is so important for me, personally - but also for universities worldwide.