Sorry, no, this is the case.
When you try to copy a whole Evernote with several images by clicking CTRL + A, CTRL +C and try to paste it to any text based application you just get the text without much formatting, images are ignored. The clipboard content in the new version is contaning renderable urls with deep links into the online evernote image. The old version simply contains the image to be copied as base64 coded inline image data. Word or any other third party program does not have access to this deep link url, so the image cannot be shown. it is as easy as this. Simply try to copy an online evernote with images to MS Word. It shoes empty rectangles for the images.