I think that's about right.
There's nothing in all of this saying that Ignition won't be sharing the Bodog player pool after Sept. 30. It only says that Bovada and Ignition will stop sharing their poker players after that date. The Asian Bodog poker pool is where a lot of the fish come from, so we might still get the benefit of fishy Asian poker players and fishy Asian Casino players who sometimes play poker.
It could be that Bovada is trying to comply with Canadian laws; but I think that it is just as likely Bovada is trying to comply with some regulations made up by that new crazy anti-gambling Philippine president who is now running the country where Bovada is headquartered.