Yes, it is. It is also the difference between the Printshop theme on Themeforest and Printshop solution on Cmsmart.
On Themeforest: it is Lite Version with limited product design which you can download FREE
On Cmsmart: Printshop solution integrated Premium version that you can refer here: https://cmsmart.net/wordpress-plugins/woocommerce-online-product-designer-plugin