Trushot,
That sounds about the jist of it!
Here' s some quotes I pulled from the first BowTech 2004 thread:.

" These two new bows will have a brand new ultra-smooth single-cam design with a 4” idler called the Freedom Cam. IBO speeds are in the low 300’s (still pretty damn respectable AFAIC)."
(JeffB)

" Ya' ll are gonna crap when you shoot the new bows. The Liberty is definately the smoothest drawing and smoothest shooting bow I' ve shot to date... (and no I haven' t shot every bow out there but I' ve shot quite a few)"
(He use the word Ya' ll.....Obviously BowTech_Shooter)