As I understand subsidized vs. unsubsidized, yes it is. I can buy the phone without entering into a contract. I can terminate service with VM after 30 days. I can sell the phone to someone else who can choose to buy service from VM or not.
True it isn't unlocked, but I'm not aware of anyone saying unsubsidized == unlocked.
True it isn't unlocked, but I'm not aware of anyone saying unsubsidized == unlocked.