yes it is, AB has two methods of reading the vddc. by VID same as trixx & asus gt and amd gct. aka 1.3V
and then AB also reads "actual" ie accounting for vdroop - the same reading you would see on a DMM. so 1.3 looks like 1.265-1.270v.
You can edit AB's config and and see either Actual vddc or VID vddc (7900 series only).
This is the source of your confusion:
- Now MSI Afterburner displays target VID instead of real voltage sensor reading on "GPU voltage" graph on graphics cards equipped with CHL8228 voltage regulators. These changes are implemented to avoid confusing the beginners and prevent the hysteria about voltage drop on AMD RADEON 7970 series graphic cards spreading across different discussion forums. Experienced users, understanding the difference between target and real voltages, may still unlock the previous real voltage monitoring mode via editing the hardware profiles