Yes and it's pretty consistent, offline productivity is impressive indeed. You'll expect at least 9 hours if you keep BT and wifi off all the time and doing just productivity works.
Mind you though, if you plan to do CPU intensive stuffs, the battery will immediate drop down to about 3 hours max like gaming or even just surf via 3G USB dongle (shows about 2+ hours with low 90% battery life on my 2010 MBA). For business guy on the move, this machine is incredible, probably due to the ULV when the CPU isn't being taxed. Standard voltage will still suck quite a bit of power during idle/light task.