Erm .... no, not quite. It recommended a mixed system, AMS or AV Top-Up. It's similar in many ways to AV Plus, but not quite the same. It's going to get to be quite an arcane discussion if we go into that, though.
The principle, in broad-brush terms for anyone interested, is that we'd have two votes - one for a constituency candidate, basically under AV, and one for extra members from a party 'top-up' list. So we'd end up with 80-85% of MPs elected, for a constituency, under AV, thereby maintaining the direct link between MP and constituents that so many, including me, regard as valuable. But the 15-20% additional party list members can be used to correct the lack of proportionality I mentioned earlier, and also to correct regional imbalances.
One obvious disadvantage of that would be complexity. I've seen some very funny TV footage of members of the public trying to explain how AV works, and AV is dead simple. Good luck trying to come up with a simple explanation of even the mechanics of a mixed system like that, let alone trying to interpret the political effects it may or may not have and explaining that to people prior to a referendum.