Probably. Red Hat acquiring and then maintaining a failing CentOS was one of those solved a problem at a couple times things that just didn't make a lot of sense in the long run (and was almost certainly a mistake).

CentOS was great and I'm still using CentOS 7 until EOL. I learned a lot from "the mouse" in the CentOS support forum, and I hope the CentOS people made a living from the deal. I've got no bad feelings towards Red Hat, as long as they weren't coercing anyone against their will. For new systems I use both Red Hat and Rocky.