considering i just moved out to banff for the season, hell ya.
That forecast is for Vancouver / coastal range specifically. Don't worry though, Banff's looks good too:
"Annual Weather Summary: November 2009 to October 2010
Winter temperatures will be 4 to 5 degrees C colder than normal, on average, with the coldest periods in mid- to late November, much of December, early and late January, and early and mid-February. Precipitation will be below normal in the east and above normal in the west. Snowfall will be above normal, especially in Alberta, with the heaviest snowfalls in mid-December, late January, early to mid-February, and early March.
April and May will be cooler than normal, with most of the area receiving above-normal precipitation and snowfall."
The cold part might suck though, you can't ride at -25 trust me I tried last season haha. Banff had a pretty crap season last year so I doubt it could go anywhere but up from there.