Yes, it is true.
I would Love to be the first person to cut off all serpentine belt from every engine ever produced with them.
But, I'd step over the chance to do that to Kill the sunnombiatch that invented V-Belts.
I love Serpentines for the "flattening" of the front of the engine.
I HATE CHANGING THEM.
I Love V-Belts when it comes to changing them. But I hate the basic tennents of how they work and do not like the failure prone design.