More or less, yeah.

There are different stenography systems, each with their own shortcuts and abbreviations, but at core they're all about producing large volumes of text with minimal physical effort at very high speeds.

Those interested should check out http://www.openstenoproject.org/.

A good mechanical keyboard (e.g. the ErgoDox EZ) and Plover mean the only thing standing between you and >200 WPM typing is the time and effort to learn it.

Doesn't stenotype also have chording though?