Correct!! I strongly support another "alternative" Geocaching website, which ironically enough, is also named "Opencaching". Don't even get me started on Garmin using that name 5 years after it was first used.
Opencaching.com came online in early December 2010. Then 4 months later, they came up with the amazing new feature of being emailed when someone finds your cache. They are still working on the totally unheard of feature of putting links on your cache page, or uploading pictures to the website.
EDIT: Oh, almost forgot, they've had full page Glossy ads in the last two issues of Outside Magazine, which has 700,000 subscribers, and must have cost them a bundle of money. Opie the squirrel is definitely serious about taking on Signal the frog.
don't forget that they also came up with this feature of editing and deleting logs too.