Because it sure doesn't seem like it.
Can we please stop freaking out about the lore updates currently on PBE? On a post made about Varus' lore update, a Rioter commented that major context was needed for the bio, and to wait for the full story. It's the same exact thing as with Viktor's update; it appeared one way, but upon reading the full bio it was actually really good. I'm not saying that the lore updates _will_ be good, but we need to reserve judgment until we are in an appropriate position to do otherwise.