I know it's a bit of a late response, but since no one else answered this question, yes, that's exactly what it means. My son and I visited for a couple hours this past Wednesday. We had pre-purchased a points pass online just in case they required that for entry, but when we got there, there was no security checkpoint or anyone scanning barcodes or anything at the top of the main entry. We just took the escalator down and walked throughout the park without any issues. When you get to the front of the line on whichever ride you're going on, they'll ask to scan either your wristband (if you have one) or the QR code on your phone.
We ended up doing their stupid massive 9-story-high ropes course for a bit (an upcharge, but it was only $15 per person with the purchase of any points pass), and then we rode two of the coasters that were closed on his previous visit. Both of these cost us "6 points", or $10 per ride. Sandy's Blastin Bronco was absolutely worth the wait, an intense Intamin launcher that has airtime and hang time galore, then turns you around so you can do it all over again but in reverse. Glad to see this is finally up and running. Timmy's Half-Pipe Havoc was fun, but the kiddo wasn't too keen on it... he said it didn't really feel like a coaster, it felt more like a flat ride to him. I don't blame him. He's been on a lot of Zamperla Diskos over the years and it's not that vastly different of an experience.
The entire time we were there on Wednesday, the place was absolutely dead. We had no issues walking onto every single attraction we wanted, and we didn't see lines for the rides we skipped. A good chunk of the kiddie rides were closed for maintenance. Shellraiser was listed as closed on the website, but was open and running when we got there, so it actually ended up being one of those days where all five coasters in the park were up and running. From the top of the ropes course, we could see the storage section behind Shellraiser where they're keeping the bumper cars from the ill-fated Invader Zim attraction, which I guess is just never going to reopen at this point.
We also took a ride on the Dream Wheel, which didn't open until 3 PM. About a 20 minute round trip that we paid approximately a buck a minute for. Absolutely great views of the Manhattan skyline and the Hudson River, and, uh, also rush hour traffic on the highway, a bunch of weeds, and graffiti-covered billboards on the NJ side of things. ¯\_(ツ)_/¯