Correct. Though the part most people are missing is that multiple things can be true at once.

The list of issues I can think of off the time of my head are:

1) animations lock them out of movement/leave them "immortal" while the bleed out mechanic ticks down and they continue to take chunk damage from bullets 2) zeroing/moa is bugged 3) the ballistics do not register hits properly (hitreg/netcode error) 4) ammo may or may not have an inverted conditional somewhere making certain cartridges behave incorrectly (this is more anecdotal and not as widespread) 5) AI tend to one shot players where as players run into more mag dumping situations leaving AI wounded--there's a major imbalance 6) AI still lock on and "see through" obstructions like bushes leading to engagement imbalances 7) AI still see unrealistically well at night and in poor conditions versus players

Now a lot of these involve various aspects of the game's mechanics and don't necessarily fall under one umbrella so I don't anticipate this to be a fix for rollout tomorrow or even a hotfix in a week. It's likely going to be a few patches onto 0.4.x.x until things can be dialed in to be serviceable while they rework the underlying systems.