No. Definitely not. Theres some sort of bug that screws the timing up.
I thought it just sometimes missed a sector until yesterday wnen I was online in quali and it cut about 3 seconds off my lap. Theres no 3 second sector on any track Im aware of! Strange.
On second thoughts a 1.09.xxx is maybe possible at Monaco. Ive done a 1.12.xxx.
Instead of just fixing bugs, it looks as if they're actually redesigning elements of the game (admittedly elements that shouldn't have made it into the final build in the first place) but at least they were listening to the people on the forums 👍