Is the Chevy Volt just another hybrid?

I’ve been hearing a lot about Chevrolet’s new electric car, the Volt. It is supposed to be America’s answer to Toyota in the green car exhibition. On Chevrolet’s electric car site, they proudly proclaim, “It’s unlike any previous EV (electric vehicle), thanks to its innovative rechargeable electric drive system and range-extending power source.” This “range-extending power source” can be gasoline, E85, or biodiesel. Which makes it a hybrid, no? Like the Prius parked in my garage. The only difference seems to be that the Volt does not use the gasoline engine unless you run out of electricity, making electric-only trips possible for short distances. Of course, I can do that today with a modded Prius, or one I buy in Japan. The Volt is a plug-in hybrid concept vehicle with lot of marketing hype. And not much else.