Si, yes the GA levels the wings (or makes you track straight ahead if you press it at very low speed). The rate of roll back to wings level is only moderate so if you are in an unusual attitude near the surface, manual recovery is better, but otherwise as you say the GA takes you up and away regardless.
Its a pity that some other operators don't use it to its full potential, IIRC they ban its use below Vy. Crazy!