Wall Street Journal's own Walt Mossberg just came on record to confirm that Steve Jobs intends to continue being involved in the development of future products and strategy and that he'll stay active in the company.
The following video gives us a 10 minute summary of Steve Jobs' legacy at both Apple and Pixar. Within the video, he states:
Extremely well-informed sources at Apple say he intends to remain involved in developing major future products and strategy and intends to be an active chairman of the board, even while new CEO Tim Cook runs the company day to day.
Many of us believe that with Steve Jobs in the Board of Directors, many projects will actually move faster across Apple's minimal bureaucracy than they currently do, but time will begin to prove that from today on.