Pretty much. Red State was a disappointment to him because it didn't get as much positive buzz as he thought it would, but besides being an experiment in the horror genre, it was his trial balloon for self-distribution. With Tusk and Yoga Hosers, Smith was openly vocal about them being made for his own enjoyment that he thought fans would be willing to pay to see. Yoga Hosers in particular was meant as a project for his daughter and Johnny Depp's daughter.
Kevin Smith knows his podcast fans are the only people that watch these movies and he seems okay with that.
At this point, his "serious" directing is done for various smaller projects. He directed episodes of Flash and Supergirl recently, as well as conducting interviews for IMBD at Sundance.