If true this is awesome news, esp if NZRU solve their Nonu problem by packing him off to France post-4N as touted in a stuff.co.nz article. Certainly a better signing than Benji Marshall (much as I love the guy both as a player & a frontman for his sport) IMO. A season of S15, potentially 3 Tests v the Poms to see if he's still got it, which given his NRL form you'd have to think he does, see what happens after that...
A real chance for RWC 2015, not so sure about Rio though as he's got pretty much no 7s behind him & there's nothing to be gained by having him there for recognition factor as I suspect he'd be anonymous alongside the likes of Bolt, James etc.
For the benefit of the inevitable haters, there's a reason it's not just SBW's current club that want to bend the rules to keep him in the NRL. Why? Cos he puts bums on seats at grounds & in lounge rooms; brings the punters in for sponsors functions; the fans love him esp the kids & ladies every code really wants to get on board (die-hards like me can safely be taken for granted); he shifts mechandise (Roosters 12 shirt apparently #1 seller this year); oh & he can play a bit, too :-/