Yes. The Neo isn't made BY Iwata, it's made FOR Iwata.
I find it to be a very average airbrush. You can definitely tell it's buiilt to a budget and I can never get the same level of detail out of it. I ended up giving it away.
The CR, on the other hand, is one of my main work horses. I use it alot for spraying thicker paints, some metallics and pearls.