This is correct, they included all functional reprints on the reserved list. That's why people are praying for snow-covered dual lands, but honestly those will never see the light of day.
Funny thing I noticed: they didn't mention the creation of the "Reserved List."
For those who don't know, Wizards did everything in the NPR segment in the first couple years of magic. Despite this, and the show's tone doesn't really convey this, the secondary market was still there (for the times) and card scarcity was a big, big problem.
Enter Chronicles.
Wizards of the Coast reprinted basically everything they could from the first couple years of magic in one set.
“Released in July 1995, this 125-card set was created in an effort to satisfy players’ demand for out-of-print cards.”
This tanked the secondary market for cards. Investors who had been holding onto certain rare cards and treating them as an investment suddenly had the rug pulled out from under them.
Long story short, a few years after this, Wizards created the Reserved List (tm), essentially a promise to NEVER reprint all cards contained within. Intended to create a safe haven for investors and collectors, this list covers the first ~5 years of Magic cards and almost all of its most expensive prints. It's a source of huge contention within the community as many people would like the reserved list to be abolished so they have access to play with cards they wouldn't be able to afford otherwise.
Feel free to let me know if I missed something critical, was just an thought I had while listening to the show. The reserved list is a huge reason for the bubble's stability.