Yep. Though I think that the weight of the stick is, however small, a factor in the equation of loudness. (which means the loudest drummer would drum louder with thicker sticks then with thin ones)
If you want to be able to play real soft, I wouldn't recommend this in the studio but when you play in acoustically challenging places, consider buying hot rods (look them up...). I had to play once with my kit in the middle of a big cathedral and with no PA to speak off, then you need everything to get your volume down, eventually I played with hot rods and shawls over my snare and toms, with a layer of foam between my kick and beater as soft as I could and it was still slightly to loud.
The Vic Firth Steve Smith signature Tala Wands are the best sticks I found as yet for playing really softly.