Yes that is correct -- from a user perspective you are providing a different prompt, and from a host perspective they have more granular control over allowing users to join. You can add branding messaging to the waiting room if that helps the experience for the participants:
How to customize the Waiting Room
You can customize the Waiting Room title, logo, and description at an account, group, or user level.
- After enabling Waiting Room, click Customize Waiting Room.
This will open the Waiting Room customization options.
- Title: Click inside the text box to update the meeting title.
Note: Titles are limited to 64 characters.
- Choose what Participants in the waiting room will see:
- The default screen: Just displays the title text above and the meeting topic.
- A logo and description: Display the title message, a logo you upload, and a message.
- Logo: Click Upload Logo to select a file for upload. Logos can be in GIF, JPG or PNG format. It cannot exceed 1MB and the minimum height and width is 60px, while the maximum is 400px.
- Description: Click inside the text box to update the description. You are limited to 400 characters.
- A video: Display the title message and a video you upload.
- Video: Click Upload Video to select a file for upload. The video must be in MP4, MOV, or M4V format, and cannot exceed 30 MB. Videos can include sound, but are muted by default.
Note: Videos for the waiting room require version 5.7.3 or higher.
- Click Save when you are done.
Participants will see your custom Waiting Room branding when they join the meeting.