Yes--although according to the article, "Ticketmaster can continue to profit off transactions — they just have to say they're doing so on their website."
Plus, as far as I understand it the settlement is a coupon award, meaning you get $1.50 back the next time you buy from Ticketmaster. So if you decided they were in fact deceptive and you don't want to give them your business again (difficult if you ever want to see another concert, I agree), you get nothing.
I'm not an expert on class action lawsuits but this whole thing seemed like it didn't benefit the consumer much, but was worth multi-millions for the firm bringing the suit.
http://articles.businessinsider.com/2011-12-01/tech/30462126...