No it means that canon believe their L zooms adequately cover for most people and top line primes are not required until the R1 hits the shelves. So don’t hold your breath!
More like the EF 35mm f/1.4, which was newly released in 2015 (newer optical design than their old top-end 50mm and 85mm) is still plenty good (it is pretty good optically, apparently, and they still manufacture and sell it). The L-series f/2.8 zooms don't replace an f/1.4 prime. Even the f/2 28-70 doesn't really do that if you're making use of wide open on that prime, as good of a zoom as that lens might be.
Of course, then some people will use a zoom. But there are a few EF lenses that remain in Canon's "ultimate lineup": the 35mm f/1.4, the 11-24mm f/4, the 8-15mm f/4 fisheye, etc., plus the 14mm f/2.8 (although this I think is easily bested by the Sigma 14mm f/1.8, available in EF too), 24mm f/1.4 (not replaced by the much cheaper f/1.8), 135mm f/2 (Sigma 135mm f/1.8 is better, though), 300mm f/2.8, the TS lenses, etc... The transition to RF is not complete, although they have many solid offerings.
It's not like there was some sort of clean break between EF and RF. Canon has always been taking it gradually, but the expectation was always that customers would continue to use/buy the EF lenses that haven't been replaced yet (and this has largely been the case).
In the end, of course, the RF transition will eventually be complete, at which point they will expect customers buying new lenses to buy only RF lenses (though EF lenses will obviously still exist especially on the used market and they'll continue to work).