Totally. Although since my previous comment, the official status page has been updated to mention issues with some non-Old components: "Native Mobile Apps" "Vote Processing" "Comment Processing" so I suppose the DownDetector spike is an unknown combination of people using Old and people using those other things. I assume New web/desktop reddit is able to operate when those functions are degraded by reading from stale cache / faraway regions / other fallbacks, while Old reddit is more directly coupled to those degraded functions.
Testing now, I'm able to open www.reddit.com links, but not their corresponding old.reddit.com links; the latter lead to a page which says "YOU BROKE REDDIT".
in addition to this, ever since the sequoia update I've been getting security failure errors on reddit which sometimes, & sometimes do not, go away with a page reload
Let's calm down and wait a few hours to see if this is just a bad merge on their part.