Doesn't seem to be. They're not censoring anything, as the redirect is still available. This more playing semantics with Chinese Gov't Policy while still making uncensored info available to those savvy enough to know to click a link (which should be pretty much everyone).
EDIT: Ahahahahah! The landing page: http://www.google.cn/landing/cnexp/indexd.html is really just an image that looks like a censored search. Every user would click it, and it then redirects. Amazingly cheeky! Hopefully the technologically illiterate bureaucrats there will see that it doesn't automatically redirect, and be satisfied without digging deeper. Hahahahaha.
EDIT: Ahahahahah! The landing page: http://www.google.cn/landing/cnexp/indexd.html is really just an image that looks like a censored search. Every user would click it, and it then redirects. Amazingly cheeky! Hopefully the technologically illiterate bureaucrats there will see that it doesn't automatically redirect, and be satisfied without digging deeper. Hahahahaha.