Yes, essentially. I don't know the specifics on how it works, but that's the information they've released.
None of it will really matter too much soon, as Ryzen is supposed to be released within the next 2-4 weeks. Then we're dealing with something all new. The FPU is supposedly similar in function to the Bulldozer line, in that it is 2 128bit pipelines that combine for 256bit calculations, and they can be addressed as 2 separate FPUs through their version of HT, but it supposedly performs better and there are 8 of them in an 8 core CPU. I've read that all of the Zen integer cores have 4 fully capable integer pipelines, too, so their version of HT should be much more efficient than Intel's. (Intel's 3 integer pipelines in SkyLake/KabyLake each have specialized use, so 2 calculations of the same instruction, such as a integer multiply or shift, can't happen at the same time with HT, and one of the instructions will get hit with 5-10 wait cycles, where Zen's HT should be able to do that simultaneously without the wait cycles.) We'll see soon enough, I think.