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This sounds like the more likely read. That being said, if they're aware of something big coming down the pipeline, shouldn't we have heard Trump trying to downplay by now? Trump Jr's news was signaled almost a month out. Maybe Trump's administration isn't linked in as well as it used to be?
They're probably busy dealing with Harvey. I'd also imagine a lot of their pre-emptive responses are meant to address multiple things. Remember they've been banging the "collusion isn't illegal" drum for quite some time, leading up to the Don Jr news but surely the same argument would apply to any other case of collusion we don't know about yet.