Definitely. It's the first Rega that needs no apologies. There are no inexpensive Roy Gandyism that need to be accepted, just because it's a Rega. And the sound is totally different too.Even from photos it looks to me like Rega has made the biggest leap in a long time, though I'd guess the Niaid was in fact the leap and this is the more general application of the lessons.
And you nailed it. It's a productionized Naiad.