Yes. Mostly. Here's the scoop from the Movable Type FAQ.
MT version 2.0 and higher is free for personal or non-profit use. We're following a donate-ware model in which we ask that you send us a paypal payment for the amount which you feel the product is worth to you. In return, for every $20 that you donate, you will receive a Recently Updated Key. For donations of $45 or more, you are entitled to additional support. See here for more details.
Here are two good finds about Movable Type:
Radio vs. Movable Type
http://blogs.salon.com/0001111/2002/08/14.html#a194
Making the Move to Movable Type
http://www.meryl.net/articles/archives/000947.php
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