Yes. Until about 3 minutes ago, I believed this symbol meant "recycleable", and just assumed that it's another case where producers can't (or don't want to) agree on a single symbol scheme.

Also, anecdotally, I know multiple people who believed (and in some cases still insist) that it indicates recyclability.

Metalized plastic film (as used as packaging for potato chips / crisps) is particularly aggravating because it will often be printed with a green dot but is very rarely recycled, and it effectively poisons the genuinely recyclable material that it is often mixed with.