As a native speaker, I interpret it the same way as you. The most common usage of this form is probably the idiom “It’s all over but the shouting,” meaning a f

As a native speaker, I interpret it the same way as you. The most common usage of this form is probably the idiom “It’s all over but the shouting,” meaning a foregone conclusion that still has some steps to go through before it becomes official. Historically, this phrase comes from electioneering where there is only one viable candidate standing for office: The competition is practically completed, but the actual voting (the ‘shouting’) has not yet occurred to ratify this result.