Probably something else considering the much lower maximum platter density and the initial performance results found on 2ch:
HD Tune Pro 4.61
Read transfer rate
Transfer Rate Minimum : 85.0 MB/s
Transfer Rate Maximum : 172.9 MB/s
Transfer Rate Average : 132.2 MB/s
Access Time : 15.3 ms
Burst Rate : 223.7 MB/s
CPU Usage : 1.4%
Yet the performance is all-around nearly identical to Hitachi's 7K3000 with 667GB platters, and has lower sequential than the 7K1000.D with 1TB platters.
Fundamentally...yes. The platters are bigger than that to handle manufactuering defects,etc. But, it is correc to think of them as "1TB" platters. Sorta like CD's and you could "overburn"