Yep you are correct. I was actually looking at that just last night.
I'm sure though that MS will forever be "copying" this functionality from iCloud (as far as the media and almost everybody else is concened) simply because nobody seems to know about this.
And that is the biggest problem with MS. They come up with some really amazing stuff and then they sit on it (Courier, original Mesh) or hide it under a menu or as an optional part of the Live Essentials install (which is very rare to find installed on my friends' and family's Win7 PCs). Apple comes up with something semi-amazing and push it as the "magical" and "revolutionary" and everyone goes out and uses it.