I was waiting till someone over here would pick up the "scaled back action" story."
Personally I find it a bit of nonsense. Not that I don't believe there is no truth to it, but that I don't believe Mendes is really going to rock the boat too much with his entry. EON knows people (I'm not mainstream folks here, not the hardcore fans who are guaranteed at least two or three tickets) have certain expectations when it comes to Bond.
What I think the story means, is that Mendes is probably scaling the action back a bit, but we're still going to get something along the lines of Casino Royale.