Prospect Park has pulled it together and All My Children/One Life To Live creator Agnes Nixon has confirmed that both AMC and OLTL are being produced for the Internet by Prospect Park.
In a press release, Nixon thanked the fans and compared Internet production "a historic moment, comparable to how life was changed when television took over from radio."
However, since they have been put on contract by GH, and ABC is not producing OLTL, I would think their contracts would be binding. If the shows were to be produced by ABC, that might be a different matter.
Anyway, fans should be thrilled, and we look forward to seeing the shows online!