It's about time!
If I remember correctly, Bill Nelson mentioned this in his audio interview with Kyle Klingman for Wrestling 411 a week or two ago. http://www.wrestling411.tv/?paged=2
It's wonderful news. It's been my understanding that there has been some "grumbling" from the wrestling community about the lack of acknowledgment of that 1950 wrestling team's accomplishments. (I think Nelson said that there was some ceremony for a women's team, where the school claimed they were the first -- as if the wrestlers' 1950 NCAA team title never happened.)