Yes. That's the crux of it. It's still a privilege. And Mike has it correct, too. A friend of mine used to have a Massachusetts carry permit and he said not letting a concealed weapon be seen is considered paramount there. They believe the mere sight of a gun can reasonably be expected to cause mass panic. Well, I suppose it might cause Mass panic, anyway? Post Boston Tea Party, the official government position seems to be that the citizenry of that state has lost the stern stuff it was once made of.
At any rate, when you consider officers there are charged with not allowing a "reveal" to go unpunished, and considering I don't know what their policy on drawing a sidearm is, I expect the only thing the officer did that was technically incorrect was declaring himself the sole legal gun carrier on his beat. I hope, for his own sake, that he's incorrect, because, if not, if he ever has to call for backup, they will be obliged to show up unarmed.