Yes, my AP rate was for a standard - waterview would have been about 10 bucks more.
In response to another question, AP refers to annual pass. Disney sells the actual pass at the gates and certain customer service points in WDW, but it becomes active (and the 365 days begin running) immediately. Elsewhere, you can purchase a voucher instead of the AP itself, which must be turned in for an annual pass in order to be valid - the year does not start until you do so.
I suppose that brings me back to the question, what is the point of the voucher system at all? I could see it if a voucher was honored by the hotel to get the AP rate, but now I am not sure I see the point of getting a voucher in advance rather than just wait until I get to a park to buy a pass.