Say it ain't so Joe! This is not correct and goes against one of the key concepts of the golfing machine and a 3dimensional impact. The hands and clubhead move DOWN and OUT through an even past impact all the way to low point only then do they begin to move up even in the follow through the thrust direction is still down plane.
It ain't so only if you don't have enough club head lag to get your hands to impact fix before the club head gets to the ball or else you're playing the ball off your right toe. If the club head is properly lagged, it will still be traveling down and out while the hands are moving up and in.