Robots.txt blocking site or not?

[540SEO]

Here is the robots.txt from a client site. Am I reading this right --
that the robots.txt is saying to ignore the entire site, but the
#'s are saying to ignore the robots.txt command?

See http://www.robotstxt.org/wc/norobots.html for documentation on how to use the robots.txt file

To ban all spiders from the entire site uncomment the next two lines:

User-Agent: *

Disallow: /

[RyanKent]

You are reading it correctly.

Any text prefaced by a # character is ignored. The # symbol indicates a comment.

More details are available at http://www.robotstxt.org/