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No, I don’t think so. Tales of Earthsea was already released in Japan this year (2006), with Miyazaki’s next movie to be put out in 2008. The release dates referred to are U.S. release dates, which actually don’t figure that much into the larger scheme of Studio Ghibli’s plans.
I think it’s more a deal with the studio itself. Tales of Earthsea was taken from Miyazaki and given to his son, according to rumor, as a result of increasing concern among the producers over Miyazaki’s age and health. They are worried that once Miyazaki really retires, no one will be able to carry on his legacy. So I doubt it’s a case of rivalry (the negative reviews that Tales of Earthsea received seem to attest to that), and more a matter of finding a successor to the studio.