Yes that is what you think it is. I now own a Nikon DSLR. Someone may want to check hell and see if it's still hot because I am sure there have been times in the past when I've said that I would only own when hell had frozen over.
I bought this camera for one specific purpose: Timelapse photography. Yes I could use my Olympus E-M5 camera and I actually created one using it but considering that for a 12 second timelapse video played back at 30 FPS using a shooting interval of 2 seconds takes 720 shots to create, I would prefer to not put so many shutter actuations on the camera.
I will also admit that there are some features that a DSLR provides that will make timelapse much easier for me. For example having a Manual Focus (MF) / Auto Focus (AF) switch on the lens is very handy. Using this I can use AF to set the initial focus and then switch the lens to MF and the focus will not change for the series. Before buying this camera I looked on Craigslist for used Canon gear and everything I could find was outside of my budget. This camera body and lens combo was on sale for $499 so I decided to take $500.00 from the money I had been saving for a lens for the E-M5 and buy this camera setup. I'll eventually get that lens for the E-M5 especially since it was recently released and it's very hard to find anyone that has it in stock.