Indeed. Although technically it's UCS-2 as the low level stuff doesn't understand modern unicode; it just treats it all as a stream of wide chars. It's up to applications to interpret it.

According to this[0] the path limit is nearer 32739*2 bytes as a drive like "C:" gets expanded to "\Device\HarddiskVolume1".

[0] https://stackoverflow.com/questions/15262110/what-happens-in...