Stuck in neutral/reverse

[Boss Hoss]

So the ol beast is broke. Wife was driving her, pulls out of the driveway goes to put it in drive shifter goes to drive however the truck goes backwards instead of forwards. She plays with the shifter trying to figure out what is going on and the shifter gets stuck in park. I get there and pull the cupholder up and can now get the shifter to move by manually pressing the break release deal on the shifter assembly however the shifter moves almost effortlessly and you can tell it is not really shifting gears. The instrument panel says the truck is in reverse at this point however I can push the truck forward and backwards indicating it is actually in neutral. The instrument panel remains reverse no matter what gear is indicated next to the shifter. The key freely comes out of the ignition and the shifter assembly was replaced about 4 months ago. So what's my problem? My guess is ignition solonoid and the tranny is in limp mode but I appreciate any feedback.