no, the replacement theology is that God is done with the jews, and replaced them with the church, and the promises God made to them now belong to the church.
He did not take away his promise, it still belongs to them, They just do not possess it because of their unbelief.
it is like I give a hcild a car as a gift. and give them requirements to be able to use it. But it will not belong to the person who is driving it at that time. it still belongs to my son.
if they do not hold up to their end, it is still theres, but I will let someone else use it. but if they repent, and start to obey all the rules. i will give it back to them..