It surely does yes!
I know this will depress the hell out of some people, but re: the original Appendix N, really only Lord of the Rings/The Hobbit of that entire list is still widely-read, and even that's far better known by the films. People conceptually know about Conan, and maybe know one of the movies (I think 1981 one is a bit more widely seen), but it's very unlikely many under people under 45 or so have read the books. Moorcock, despite having been insanely influential on D&D, Warhammer, and so on is basically forgotten, which is just bananas to me but there we are. I've seen people in their 30s who considered themselves "fantasy experts" (ugh) deny he had any influence at all. Is that fatuous ignorance on their part? 100%, but it's something that most people involved with fantasy wouldn't know is wrong and would probably think "I guess that's true, I've never heard of him after all!". Lovecraft is probably actually the best-known after Tolkien and the most likely to be actually-read. LeGuin too but IIRC she's not mentioned by Appendix N.
But greats like Zelazny, Leiber, Farmer etc. very few people who play D&D (again, who are under 45) are going to know what you're talking about. Their touchstones for fantasy are going to be very, very different, even if they're authors who in many cases are influenced by the ones above.