Yes, that's true. It's also true that the JTV's debuted years before Yamaha bought L6. After the acquisition, they tried continuing the Variax line with the Standards (which is really just a Pacifica with Variax guts, but I digress), but they didn't move enough of them. It's a different ballgame now...L6 isn't holding the purse strings anymore, and if Yamaha is not convinced that a product will sell in large enough numbers, they're not throwing money at a complete redesign. It costs a small fortune to bring a product like the Variax to market, and the projected return on investment has to be substantial, or it won't even be considered.