That's basically it yeah, just photogrammetry.
It's hard to get really nice results very close to original quality, shooting in 4k+ and forcing Google to show best quality mesh and textures etc etc.
Plus original is lossy up close, so these 2nd hand versions are lossy again.
But they work nicely. I use them for any city track if I can.
I pitched for three city tracks this year (didn't get the work though sadly) and I collected this type of 2nd hand photogrammetry data plus aerial lidar, and the point clouds from this method and aerial lidar gave just as useful final results for general track topology.
In detail they're both noisy, so which data you trust more is up to you haha, but I'd say photogrammetry like this is as good as anything except static scanning or 1st hand hq aerial photogrammetry.
Another issue is scaling and orientation.
Then meshing, you can lose details there from the point cloud.
I'd say it's a good 7-8hrs start to finish for a big city track to get everything captured.