No, I think it's like my FW. Mine shows 400+ cycles, but I was told by the FW tech that the actual cycles for the battery is that number divided by 2 * 0.8. That calculation may be specific to the FW 10/8 though, I'm not sure. I would do some research there. If you have 2 batteries then perhaps that number is for both... so 237 each?
The /2*0.8 makes me feel a bit better. I've had one hubble for just over a year and it's showing around 900 cycles, which is close to 2.5 a day. And I know i haven't cycled it that much, mostly around once a day.

