Nope, not true Ian! As Dave said above, while a team can not ask for a review in the last two minutes, the refs can "booth review" any play they wish, especially one that may be "questionable".
(and ahhh, YEAH...they CERTAINLY should have reviewed THAT play ALRIGHT, because HOW in the H*LL would a football GO FORWARD unless a QB's ARM is going forward as he passes, NOT "fumbles" the friggin' ball, HUH?!)