It might seem so.
Personally, I think it is more likely a movement whose main objectives are power for its leaders and perpetuation of imposed victim status on the target population (females). But the idea that they are trying to reengineer the society, depriving men of their masculinity and women of their femininity and thus creating a society of drones easily given to manipulation is not so outlandish.
The video below presents some good thoughts on the subject.