Am I correct in assuming that the bottom bracket drop measurements listed by Cannondale are taken at recommended sag?

I'm considering the new Scalpel 29, which is listed as 38mm drop here: 2012 Scalpel 29er Geometry from Cannondale | Infinite Cycles Bike Shop

Compare that to 65mm on the Flash 29, or 60mm of Scott Spark 29. I know some allowance has to be made for suspension movement (so pedal strikes aren't constant), but 38mm to me is 26er territory. Greater BB drop is the thing I like best about 29ers.