The rumour goes as follows: Archbishop Malcolm Ranjith, present secretary to the Congregation for Divine Worship, will become the new Metropolitan Archbishop of Colombo – something that has been speculated before -- and Cardinal Antonio Cañizares (referred to by some as "the Little Ratzinger") will become the new prefect of that same Congregation – as had also been rumoured before.
I will state again however: these are yet to be considered rumours.
So is this a bad thing or a demotion? Not at all. First of all, it could never be reasonably construed as the latter, given the proximity of Ranjith’s thoughts and actions with the Pope’s. (Never mind that a move to an appointment to a Metropolitan Archbishop is actually a hierarchical promotion.) Second, Ranjith’s talents will be well served also within the field. We need strong prelates both within the Curia and also without, within the dioceses. Prelates who will help continue to carry Pope Benedict’s liturgical reforms outside of Rome. This is both necessary and important to lay the foundation for the future and ensure this reform of the reform takes deep root.
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That being the case, it is also, in point of fact, better to move Ranjith than keep him in his present position, for he will now be eligible for a red hat – that is, being raised to the dignity of Cardinal. This is likewise something to bear in mind, and certainly desireable.
The NLM will bring you more as it becomes confirmed.