Their rating at the top left hand screen on Raw still says TV-PG as does their website so I would say Yes.
This is actually what I and several others have been saying all along in defense of the PG rating - that you can still push the boundaries a bit and have 'mature' situations and story lines under the PG banner. This is proof of that, and I've been noticing that swearing has been making it's way back onto the shows more and more since last year. Cena and Punk both said "bitch" during the build to WM28 as well as later in 2012. This is what the official guidelines are for a PG rating:
"This program contains material that parents may find unsuitable for younger children. Many parents may want to watch it with their younger children. The theme itself may call for parental guidance and/or the program may contain one or more of the following: some suggestive dialogue (D), infrequent coarse language (L), some sexual situations (S), or moderate violence (V)."
Nothing so far suggests an abandonment of the PG rating. Although I really fail to see the issue with TV-14. It's the equivalent of a PG-13 movie, not an R rated one (that's TV-MA), so I don't see the problem but meh.