Yes, but if it ends up creating any ephemeral objects in the process of determining those returned objects, then the allocation sequence is still not homogeneous. In Ruby, according to the article, even calling a constructor with named arguments allocates, so it's very easy to still end up cycling through allocating different types.
At the same time, the callsite for any given `.new()` invocation will almost always be creating an instance of the exact same class. The target expression is nearly always just a constant name. That makes it a prime candidate for good inline caching at those callsites.