Yes. Yes. Yes. Yes. Yes. Yes. Yes. Yes. Yes.
Read this article: http://www.seomoz.org/blog/postpanda-your-original-content-is-being-outranked-by-scrapers-amp-partners
From my research it appears like no one really knows what to do yet.
In my specific case, the site is a scraper site that is scraping my original images and content and outranking me for it. I'm working on compiling a massive list of infringements and then submitting a DMCA Take Down request for each infringement.
I really don't know what else to do at this point. It's very frustrating.
Also, I tweeted to Matt Cutts a while back: "How can we show you instances where recent updates have made results worse?" and he responded "tweet me with examples or do a blog post and tweet me a link to that."
So if we can show Google enough examples of how their updates have made specific SERPs worse, they will hopefully eventually dive in and figure out why and adjust their algo accordingly.