Yes, you're correct, that's a titanium frame! We featured this ti Salsa 29er frame a little while ago but now it's built up as a complete bike so we figured it was worth another picture. It's also worth a test ride, so if the idea of pedalling a new 2012 XT drivetrain bolted to one of the sweetest frames around, rolling on high quality sun ringle 29'er wheels is something that gets you excited (and it really should) then come check it out in all of its unpainted glory.