This doesn't end them continuing to print. They'll do that the entire way down because it's the only path they have other than reigning in the spending (and that's never happening.) I think they realize the can is pretty crushed and not going to be worth kicking much longer.

If they created and hold Satoshi coins plus have plans to seize the existing supply available via public markets then it is still top down control. They'd likely also nationalize mining to not only have a large economic control of the market but would also become a major hash player to control.