Sort-of. Wet look spandex, which is easier to manage and work with than latex on its own, and doesn't deteriorate in quite the same way. Though it's just spandex with a coat of latex on it.
Hmmm... I've heard of something like this... It's called synthetic latex... Wanted to use it.. but didnt have the plain texture design I wanted.... So replaced it with spandex.....
This is just called wet look spandex. It's not bad. Not as easy to use as plain spandex. I'm a fan of it because it breathes easier than PVC, and as long as it's not stretched too much, looks similar. If you do stretch it pretty thin, it looks closer to a leather-look.