Burton itself would definitely not be making the skis if they were to go ahead and do so. It would be a new company, just like Anon or Red, or Analog. Of course, everyone would know it was Burton, but at the same time it would keep (or try to keep) the reputation intact.
I don't know what my feelings are on this. I mean, I love their outerwear, and their gloves, and Anon make sweet goggles, but unless they are going to build a team and be committed to it, I don't want another company coming in just to cash in. I'd rather give my money to Armada or k2.