No it doesn’t. Even with the notch, the X has more screen than the 8 on the top and the bottom. Side-by-side, 8 is just a rectangular cutout of the X display. Even if you want the display to end where the notch is, functionally it generally does. Then you get an extra couple of visible screen areas on top, to display the time and battery icons, etc.
Now, I’m not a huge advocate for the notch. I don’t actively like it, and I understand it is a design compromise, but you have to at least be realistic about it. You are getting more screen than the old rectangles. Period. And better screen at that.