True, but it leaves little room for error (a little bit off, and you'll hit the post or crossbar). MLT's technique ensures that you don't have to accurately get it in to the top or bottom corner: if the goalie moves, all he has to do is put it in the opposite side, and if the goalie doesn't move before the kick, a hard kick in the originally chosen direction will be virtually unsavable.
BTW, if England beat Germany on penalties, I'll eat my house.
http://www.saintsweb.co.uk/forum/showthread.php?t=22743