Kismet - Inconceivable Obstruction

I bought all things Sentinels of the Multiverse at PAX AUstralia, having played the game once before and loving it.

I'm reading through all the cards and have come across one that requires clarification (which I'm sure has been asked before).

Kismet's Inconceivable Obstruction says:

The first time each turn Kismet would be dealt damage, reveal the top card of the Environment deck.  If it is a Target, put it into play and redirect the damage t it.  If it is not a Target, discard it.

So, does this mean that if the Environment deck card is not a Target, the damage still goes to Kismet?

I would say yes. If the card is not a target than the damage is not redirected, the action of dealing damage proceeds as normal only now the environment card is discarded instead of going into play or back on top of the deck.

That's what I thought.

Thanks.