Yep.
She's a pragmatist, who tries to match her own values to what is feasible and what is wanted by the general populace. It doesn't make for an interesting or inspiring message, and is the reason why people think she has no own convictions at all, and just flip flops like it's a hobby.
Generally speaking though, it's a sound strategy for actually getting things done. You work for change, but you also work in the context that is given you.
However, I still think she could do better trying to explain this to people. A while ago she did an interview with Terry Gross on Fresh Air, where she was asked about her change in opinion over gay marriage, and she gave such a typical, long winded, political non-answer, it made me facepalm. Why don't you just say that you changed your mind? That as you get older and gain new perspective on things, your opinion changes along with it? People would be much more open to an honest answer like that, than what she was doing in that interview. In a way, that is what I think people mean when they say "I want politicians to tell it like it is". If you make mistakes, if you fuck up, if you changed your mind, ... just own it. People are more forgiving to people who admit mistakes, than those who don't.