According to allegedly's website Magee has decided that he wants to stay busy and keep defending his new acquired WBU Welterweight belt - it doesn't sound like he'll move back down. Of course, he mentioned Hatton but that is unlikely.
I'm glad he's made this decsion, I think he should forget about Spinks (that guy is damn good) but certainly the titles will be broken up soon, with the likes of Damnguard likely to be in the world title mix, there will be opportunities there.