Yep.That is absolutely true. But I think there is a part aimed at enthusiasts too.
The 32 mm 1.4 and M6 II releases strike me as Canon emphasising that EF-M can also deliver top end quality. The way they launched it, in parallel to the 90D, they did market the M6 II as somewhat of a '90D light'. I think if and when the M5 successor is coming, they'll expand upon that aspect.
There's no question that the M6 Mk II can be a serious little camera in the right circumstances - I'm very impressed by its sensor, and it has some properly useful performance tricks up its sleeve which belie its outwardly modest appearance - and I did indeed buy mine with the thought that it was a 90D in a smaller package (aware of its relative ergonomic limitations, of course).