Yes, but the note at the bottom dosn't show, that the computer with Rapture Pro itself has to be connected to the internet.
For example, at NI, IK Multimedia and a lot more you can read also in the requirements "internet for activation" required, but in these cases you can do the activation on a seperate "online" computer and transfer the activation file to the offline DAW (or to iLok and co).
So, I think this online only activation is a deterioration!