Yup, pretty much exactly. The interesting side effects are the formation of more clouds (in the stratosphere they make things warmer, in the troposphere they m

Yup, pretty much exactly. The interesting side effects are the formation of more clouds (in the stratosphere they make things warmer, in the troposphere they make things colder), and bigger temperature shifts in the air when the water finally condenses out in liquid form (more mass to phase change, more net temperature change).