That's the gist of it.
From Pop Sci:
A large metallic ball has fallen from the heavens and landed in a remote region of Namibia, spurring a lot of speculation about its origins and spurring local authorities to get NASA and the European Space Agency on the horn. No one is sure where the hollow metallic object came from, but it definitely came down hard--it was found 60 feet away from its landing site, a hole more than a foot deep and 12 feet across.
Source -> http://www.popsci.com/technology/article/2011-12/mysterious-metallic-space-ball-falls-earth-africa-baffling-authorities & http://news.yahoo.com/space-ball-drops-namibia-133326985.html