Got your attention! She's not, despite the "report" in one weekly German tabloid magazine, Frau mit Herz. It is obvious that the editor of this magazine does not know a lot about the British monarchy. The queen cannot abdicate in favor of Prince William (and bypass the Prince of Wales).An act of abdication comes from Parliament, and only Parliament can muck with the succession. Queen Elizabeth II won't wake up tomorrow and say, too bad, Charles, I am handing the throne to William. German magazine editors may dream up such scenarios, but reality is another matter.
This is a report from Saturday's Times : http://www.timesonline.co.uk/tol/news/world/europe/article4360279.ece