That is correct. Panerai does use a fairly common movement in all but their Manifattura line of watches and occasionally some of the special editions that it produces each year. This is no different than any of the other high end brands that use base movement from other manufacturers such as Breitling, Tag Heuer and even Franck Muller in their entry level models.
As for whether it is correct to feel disappointed, that is up to you. I dont think you can judge a feeling as being correct or incorrect, its just how you feel. If you feel disappointed, I would get a different watch.
The difference between the 250 and the airboss are that the Panerai has a decorated and COSC certified movement, and is limited to a couple thousand peices each year, which translates to only a hand full of peices at each dealer for sale.
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