Yes, that's the generic solution. They claim ~7 cycles per byte for 4096-byte blocks on the newest CPU tested, but I don't know what the performance would be on CPUs from 2020. (For context, per https://eprint.iacr.org/2018/392, AES-NI is more than ten times faster.)

Of course, AES-NI is generally preferable if you have it; and people use ChaCha on mobile platforms that don't have AES-NI but do have NEON (or another SIMD).