no, this is "Load" which is an absolute number (of processes running or waiting to be executed, or rather, the average of that number over certain time windows). obviously it scales with the number of CPUs (more CPUs == more stuff can run), but it's not limited by the number of CPUs (in fact, having load > # of cores indicates a system that is using its CPUs, or might benefit from having more CPUs). in general it's a rather poor metric, which is why the new PSI (pressure stall information) values were added in the kernel.