It's official now. Renault are now only an engine and technology partner to the team formally known as Renault F1. They have a seven year deal with Group Lotus (Proton) to run as Lotus Renault GP in Black and Gold Livery

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http://my.renaultf1.com/profiles/blo...ng-new-era-for
There are still stories that Tony Fernandez is going to run his team as Lotus Racing also in a black and gold livery.
http://www.jamesallenonf1.com/2010/1...s-me/#comments
I though tit would be confusing but we have got used to Red bull & Torro Rosso I suppose