Pretty much true. That's what the original Cutlass was supposed to be. A nimble fast fighter. Although it had a bit of interior room. I'm thinking they removed that so it wouldn't compete with the Cutlass now, otherwise almost everyone would melt it.
On the Cutlass, they actually went overboard with their initial Design, making it a good fighter with big cargo and the ability to board others, then they realized that if it's able to do that much, it can't be a good fighter and nerfed it.
Same sorta went for the Avenger, which still had 13 SCU and was faster than Hornets and so on, meaning you'd be able to get away from almost everything and do high-risk freightruns.
The Buccaneer is said to be "slower than dedicated racers", and has the Ability to carry Cargo externally... while we don't know exactly how much that's going to be, I feel like it still gets some versatility packed on it's back which will ultimatively prevent it from being a top-end fighter.
I expect it to be some sort of Gladius-Fighter version..
So... while almost everyone on the official Forums is ranting about the Cutlass, I wouldn't trade it in (well, if I had one) too fast, after all it does have a pretty good shield and SCU just below that of a Hull A, which isn't even that far away price-wise. And at some point I think a pirate-ship becomes useless if it can't carry a reasonable amount of stuff from a successful raid.