Sure looks that way to me.
Well, s/HE will never have the hair that men have, nor the beard, no testicles or penis, not the strength...and not the testosterone. s/HE will never give "beard burn" to a lover, whoever that might be.
s/HE will STILL age like a woman...an old woman. Lol.
Her belly fat will be "lower slung" around the hips. s/HE will look like an old woman in men's clothes. Charming.
s/HE won't have the receding hairline...that's a perk.