Earlier quoted context omitted.
Yep. I used this a few times back when I did App Store development. (Though it still takes a few hours to show up for everyone, at least as of a few years ago.)
Still does. Apple continues to completely fail at any sort of distributed system. It amazes me that Google is able to index the entire web so quickly that I can post a comment on a random web site and have it show up in search results two minutes later, while Apple takes hours and hours for something to show up in their store after you push a button on their own control panel.
Source: I've done far too many app deployments for work (200+)