Basically... Yes.
It's unsound, 3.Nxe5 and White has a superior position with simple moves.
In my opinion, there is no need for 3.exd5 e5 4.Qe2, where Black gets some compensation for the pawn. Just 3.Nxe5 and don't try to hold the pawn for long, Black's position is awful regardless (underdevelopment, f7 weakness).
Ive been hearing about this gambit a lot lately. Could someone give insights about this gambit