Yes, except that Helix Modeling != FAS Modeling.
I don't mean that to be elitist at all. It's entirely possible that there is significantly more processing power required to perform the calculations needed for the Quantum amp modeling engine than the algorithms Line6 is using. FAS has stated that the Cab IRs don't take up a lot of CPU power, and the fact that Cab IR processing has been moved off to it's own co-processor would seem to indicate that one amp sim is already pushing the envelope for the lesser processor in the AX8.
But of course, this is all just speculative armchair engineering with no strong basis in fact.