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Supergirl - Part of Arrow/Flash Universe?

Thanks to KSiteTV for bringing this to our attention

The following paragraph is taken from the Dec 5 edition of EW Magazine.

Later in the afternoon at his other office on the Warner Bros. lot, Berlanti meets with fellow producer Ali Adler and Oscar-winning costume designer Colleen Atwood to go over looks for their upcoming revamp of Supergirl. The show will follow 24-year-old Kara Zor-El, Superman's cousin, and with a twist that that could melt fanboy brains, Berlanti says it's possible this Supergirl could enter the worlds of Arrow and The Flash.