That's right, you read correctly. The Capcom blog has squashed the rumor that one of the control schemes available in the game will let the player "move and shoot at the same time."

In December a Capcom representative misspoke and said the game's "action" controls would allow the player to "move and shoot" simultaneously. This was shot down in the blog post saying, "To correct this whoopsie: THE NEW CONTROL OPTIONS IN RESIDENT EVIL 5 DO NOT ALLOW YOU TO MOVE AND SHOOT SIMULTANEOUSLY. While RE5 is very action-heavy, the base RE game design mechanic of holding fast while shooting remains.

TO REPEAT: THERE IS NO 'RUN AND GUN' IN RESIDENT EVIL 5. Don't believe me? Go download the demo on either the 360 or PS3 and see fer yerself. Sorry for the confusion!"

Hit the link to read the descriptions of the new controls schemes and the full blog post.