Yeah, it seems to be.
http://bbs.chiphell.com/viewthread.php?tid=16763&extra=page=1
Which basically says:
9800GTX - 128sp,256-bit 675c/1688sp/2200m
9800GT - 112, 256-bit 650/1650/1800
At least you'll finally get your Hynix .8ns GDDR3 G92 part with the GTX...2400mhz effective GDDR3 should do
quite a bit for G92, as it closes the gap with the 8800GTX quite a bit, and along with the improvements to G92 over G80 should bring a superior product finally. The GT will most-likely keep the same 1.0ns stuff, and we do in fact have a rebranding of the 8800gt.
The move to 2400mhz GDDR3 indeed is squeezing every last damn drop out of the chip if it can't support GDDR4, which it seems it can't. The article mentions something to the effect it was supposed to launch at the end of last year, as I've seen others on B3D mention, but G80 will lose it's place in the market with it's release, and they need(ed) to clear the market first, hence why the staggered release with the 8800gt first. That's a nice PR reason, but I imagine the real reason they rushed 8800gt to market instead of waiting for the G80 to clear the market and releasing all the G92 chips simultaneously as the 9800 series was the 3800 series and it's price/performance ratio and they needed at least one SKU to compete with it.
So assuming it does use Hynix's .8ns chips, which they must be since nothing else afaik is rated to run at 2200mhz effective (and leaves room for Super Mega Fragmaster Overclock Delight Editions with faster stock mem speeds), you're paying for the ~20% bandwidth increase over a 8800GTS 512MB, 8800gt, or 9600gt.
It's a cheap shot to differentiate products not by chip or abilities so much as because of simple binning of RAM chips, especially when the architecture depends on it more than most we've seen (ex: 8800gt vs 9600gt), but I guess that's what we'll see. It's also worth mentioning that you shouldn't hold your breath for a 1GB part, I doubt they do or will do 1Gb densities at that speed.