I won't go on about modern day Germany since that could lead to some long running discussions.
As far as the censoring of Swatstikas goes, if it did happen it wouldn't be the first time. I seem to remember a big deal being made about how "Lego Indiana Jones" was not going to have any Swatstikas involved in it despite fighting the Nazis.
For whatever reason it's part of the current censorship pressure. Don't allow people to kill children, no fairly graphic sex, and increasing pressure over violence. Removing things like Swatstikas from games set during World War II is becoming par for the course. We'll have to see what happens when the game gets here. Personally I don't really care that much about yet another Wolfenstein game (the FPS was itself based on an old game from like the C64 done by a guy called Silas Warner... if I have the name right), but I do care about the censorship issues.
Truthfully there are numerous war games (board games, and I believe a few war simulation PC games) that allow you to play as the Nazis and pretty much conquer the world, and when you get down to it that's a bit "worse" than simply showing a Swatstika, not that I care about either. "OMG, your playing Axis and Allies and someone actually takes on the role of the Axis powers and has the potential to win the game *GASPS* ".