Oh, yes. I've also seen it called 'overly sweetened grain juice' by someone who looked at the nutritional information on a container of Oatly and got peeved at how little benefit they saw compared to cow's milk.

I started making oat milk to test out some recipes for my sister's kids, since at least one of them was having dairy issues at the time. I've kept up with it to use in my coffee pretty much purely because no cholesterol and somewhat lower fat. No idea what its actual nutritional stats are when I make it.