There is no basis to that rumor. I can tell you that right now.
While I would tend to agree that experience is a form of education in its own right, the differences between the programs, and the 'differentiation of scope' is such that LPN/LVN experience alone would not provide you the official tools or credentials to be an RN without the additional education.
What I mean is this: how often, in a hospital environment, do LPN/LVNs do initial assessments, charge nurse and management duties, etc.
Oh I KNOW, I work in the trenches, LVN/LPNs do such things all the time, but normally 'off the books'. For instance I've seen many an initial assessment done by an LVN logged into the charge nurse's account.
But, that does not provide an 'on book' credentialing that would allow you to bypass the education.
Another thing to look at: such a practice would eliminate the need to go to a bridge program: and the money you would pay to do so. The educational system would be in a howl!
The movement in nursing academia is in just the OPPOSITE direction, requiring MORE education for licensure. Such a move would be in direct contrast to all the advocacy to any State Board.
The Board Members of the various boards themselves are normally part of the academia that would not sign off on that.
One final issue: such a move, in any State, would immediately threaten the reciprocity of that State's RNs with many many other States. To do so alone, and not in conjunction with the various States, would be credentialing suicide. No State would risk the loss of reciprocity and the impact that would have on the mobility of nurses in their State.
Right now, every State issues its own requirements and EVERY State requires graduation from a validated RN program to take the NCLEX-RN exam. If any State or territory were to change that practice, don't be surprised if the NCSBN issues a decree that IT will not allow such candidates permission to take its NCLEX-RN exam. The pressure on them from other States would be unstoppable. And, the idea would be quashed before it ever began.
There are just too many forces at work against such a possibility. Sorry, just a rumor.