Nope, the LTC:BTC trading ratio has fallen and continues to fall, fall, fall. Even worse, difficulty continues to rise. The result is that it's usually about the same profitability to mine LTC as BTC. Of course, it's barely profitable for most people to GPU mine BTC now, so that means it's also barely profitable to mine LTC. And it's just going to keep getting worse as more and more hashing power gets added to BTC and flees BTC to reside in LTC.
Power prices aren't the only cost factor btw, one of my card's rear fan acted up so badly that I need to send it in for warranty repair, plus it keeps depreciating in value every day. I'm going to sell the repaired card ASAP to try to beat rush to dump used video cards.