It absolutely is. I worked at a Telco that installed extremely old hardware, but because it was theoretically capable of achieving speeds that were similar to

It absolutely is. I worked at a Telco that installed extremely old hardware, but because it was theoretically capable of achieving speeds that were similar to the low-end of 3G, they branded and marketed it as 3G. Marketing loved it. When you pulled out your phone it clearly said "2G" on the screen, but you were paying for 3G.