Update: The T has pulled down the story/press release, but you can read the original here, the rather different slant in the Herald story and your basic dyspeptic BadTransit report on Mac Daniel here.
... It can't be true for the simple reason that many January passes were issued on CharlieTicket stock as the retail locations had not been converted. I think anybody who has ridden a bus or the subway in the past month would find these figures out of whack at least for January. ...
On the plus side, Charlie explains why our CharlieCards are much better than Chicago's equivalent.