Yes, yes it is. And, like "Perl 6" and to a lesser extent "C++", that name is misleading (and therefore bad), because there is already a different language called "Python" (respectively "Perl", "C"), with significant superficial similarities that it could be confused with.

Please note that the misleading part of Perl 6 has been fixed by renaming it to the Raku Programming Language (https://raku.org using the #rakulang tag on social media).