My understanding is that referred to the real MeeGo devices.
In 2011, Elop sat down with the Meego team to discuss the roadmap for Meego devices. What he found was that their roadmap consisted of releasing 3 devices between 2011 and 2014. Apparently, that was the "Oh *****, we're fcuked" moment that then motivated Elop to get into discussions with Google and Microsoft. Google never even tried to cut a deal to get Nokia onboard, so that left Microsoft as the only partner.