My understanding is that it does not charge all the way.

There are some advantages in having a s/w locked down battery rather than a physically limited battery. Since the battery charges slower when it is above 80% capacity, you can recharge to "100%" much faster with a software limited battery. Similarly, charging to 100% is supposed to cause more battery wear, so in a real 75 you don't want to do that very often. But in a 60, its no problem, since 100% is really 80% of the physical capacity.