Yes, the fact that there is more difference doesn't mean that the sound is worse, because all that a lossy encoder is doing, is finding the maximum amount of info that can be removed without the difference being audible. The problem is not the amount of info removed, but how well this info has been chosen.
However, reading further the Windows page, it seems quite serious : they link to "Questions Raised Concerning Real Audio 8 Test Results from Exodus Performance Labs (EPL, formerly KeyLabs)", unfortunately, the link is an EXE, and I won't run it for safety.
Then, they supply audio samples :
http://www.microsoft.com/windows/windowsmedia/wm8/audio.asp
I don't have the time to listen to them right now, but what we have to do instead of criticizing blindly is downloading them and doing better (they provide the original).