I thought so, that's all I ever read (and I try to stay abreast of Porsche developments).
So, I talked to the owner of the Creamsicle 914. Turns out it is a genuine 1974 CanAm LE car. The owner knows exactly what he has, and he got it from somebody (who obviously wasn't aware that their 914 was worth about $13,000) in trade for - get this - a Corvair engine.