'Way back in the day, "giclee" referred to a 
specific kind of print. It was done on a high-end 
printer, with 7 different inks. They took a long 
time to print--- you might be able to only print 
one per day--- but that same slowness allowed the 
printing process to capture far more detail than 
the ordinary printing process did. Nowadays, 
however, technology has improved to the point 
that there are somewhat cheaper, faster printing 
processes that are able to emulate the quality of 
the originals. So modern-day giclees are usually 
printed with 6 inks, or occasionally 4, but use 
of the term generally connotates a high-quality 
print.

So, yes. In the end, it's just an inkjet print... 
but it's not to be confused with the cheapie 
little inkjet printer that comes with your 
computer. ^_^ Giclee's can sometimes go for $300 
or more... so $200 certainly isn't unheard of.