Isn't that essentially what the current rules try and represent? Only a Tzeentch pure force is prohibited from taking Terminators/Veterans, a generic Chaos Marine force can still take them. Tzeentch already have access to Magi (and darned fine ones they are). I'd not support the suggestion to take away all of Tzeentch's CSMs however as:
a) Most of the NetEpic changes are based on 2nd Ed 40K codexi and if we updated everything every time GW change their fluff we'd be forever chasing our tail,
b) even the current fluff I've read only says most of the T-Sons were changed into Rubric marines and
c) most importantly, game wise that'd suck moderately hard.
On Terminators for T-Sons, I don't really pay attention to 40K these days. I didn't think Tzeentch Termies existed in 3rd/4th. Are the Rubric Terminators a new thing in 5th ed? If they are a big thing in Tzeentch forces it wouldn't be hard to add them as a new detachment option (as long as Warmaster Nice doesn't have an aneurysm that is

).
I think it would be easy and probably non-disruptive to the Gold process to change the name to Rubric Marines. As a regular Chaos player and often times fielder of the Thousand Sons I wouldn't be much in favour of forcing Tzeentch to lose all its regular CSMs though.