Yes, most definitely.
And the problem with that is that in my keyword focus, two of the sites in the Y directory are 301 Redirects for having moved to new more relevant domains (e.g., a former subdirectory site moved to its own domain URL years ago). But the Y directory still links to the old domain URLs. Because those old URLs are not being linked anymore by any current sites, they do not get SERP placement. And because the new URLs are not in the Y directory (exactly), Y has now reduced their placement in these latest SERPs.
Y really needs to fix that aspect of the Y directory, especially if they are going to rely that much more extensively on it.
Plus, considering that Y charges way too much for new directory placement, the directory is a bit outdated, still having links from its old original directory from back in the 1990s.
So, now we are seeing sites in the top of SERPs simply because they are still in the Y directory, even though they are not as relevant anymore.
It is also ironic that it appears the Y might be using its directory MORE at the same time that G$ seems to have possibly taken the G directory offline. :)