Hee. I translated that one, and I'm sorry to say that that part, at least, is true beyond any doubt. Translated very specifically, he says, "Al has learned alchemy again, and has become an alchemist good enough to surpass Edward from when he was in the 'World of Alchemy'." (it doesn't flow well, I know)

The truth is that he's cheating, using red stones sewn into his gloves.