Yeah, I'm really not sure that they are all titanium. She might have just been saying that because it sounds more impressive. I believe that these bikes were intended for racing, so steel would be a good bet.
I really don't have much more information, much less pictures, but I will continue to press for information.
I too hope that some awesome, rideable old bikes (and big ones, too) come as a result of this. Now I just have to convince her to let me check them out.