Yep. It's strong but (most of the time) not bloated and will probably not be enough to satisfy die-hard bassheads although it is clearly boosted.
Not really recessed but they aren't in your face either. Upper mids are on the brighter, airier side, however without coming close to being overly thin or unnatural. Here, I see the biggest tuning improvement over the ZS5 v1 that rather often appeared a bit too hollow and distant in the mids for music with a more serious vocal focus.
Between $420 and $1,099.00 MSRP if a better cable, slightly adjusted visual design and different drivers were used, along with a cool little pin badge.