You've got that right, but a qualified right.
The original gets its WD from its intended purpose - water dispersant. It contains a very light oil - makes sewing machine oil look like Venezuelan crude - and a solvent. Some people like using it on chains and other moving parts, the rest of us won't let it near anything that moves as it removes the bike lubricants we use.
Original WD 40 is however brilliant at some jobs. It is a very good cleaner, a very good tar remover (frames, rims, car bodies etc.), and despite being considered mad by some forumers I use it to clean my braking surfaces. Generally it's one of the best substances for getting anything oil based off, and also works on resins.
Clearly the makers are moving into new territory. Until I see feedback from users I won't go near it. I'll be staying with the brand that's given me good service for many years, which is Finish Line. I have some GT85 which seems good on shifters, levers, gear mechs and so on. It'll take a lot to convert me to any new ones, and as my total spend on bike lubricants is about £10 a year price won't influence me much.