Yes, it is.  I did find the following in the manual.  I'm trying to decide 
if I can justify that much money!
The loop element features a 5 position band switch and a High-Q 
poly-variable capacitor
(only active for switch positions 1 to 4) to tune and peak the wanted 
frequency, while achieving maximum rejection of unwanted out of band 
signals. This provides valuable additional selectivity for your receiver�f 
sfr on-end
stages.

----- Original Message ----- 
From: "Martin McCormick" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Wednesday, January 26, 2011 9:00 AM
Subject: Re: Really Big Transmitters


> Wow! that's a lot of money. I sure hope it is good for
> that price.
> Russ Kiehne writes:
>> Interesting, I found the following in the Icom r75 list:
>> Re: AOR LA 390 loop
>> It works well but doesn't pick up the signal as well as a long wire. On
>> the
>> other hand, it is very quiet and good for a noisy RF environment. 
>> Although
>> it
>> covers 150kHz up to 500MHz, I find it's best suited for under 10MHz,
>> especially
>> for nulling unwanted signals.
>> Is it worth the $380.00 it sells for? Hmmm ... I feel it's $180.00
>> overpriced
>> but there are not a lot of good alternatives, especially for indoors, 
>> ease
>> of
>> operation, and noisy RF environments. I quite like it.