It's still somewhat meaningless because there's still not a commonly accepted meaning. I would consider myself a fullstack web person, but I don't do linux kernel hacking.
COULD I? Possibly, if my life depended on it, but since I have no kernel patches to my name, you might not consider me a fullstack developer, although I do (and others in my network would).
By comparison to other people who only know photoshop, or only know SQL, or only know sysadmin work, I can operate functionally in many areas.
syadmin - compile and set up servers from scratch
database - can deal with most aspects of database setup, configuration, troubleshooting,
optimization and usage.
server-side level - php, java and a handful of others - worked with web-app languages since 1996 (php/perl primarily in those days).
client-side level - js/ajax/etc
etc - app integration with mail servers, chat servers, multiple external APIs, etc.
Looking at a web browser, I can trace a click across the network with wireshark, through various layers down to my app, then in to a database, and can tell you how long each segment took and why and how to improve it for speed or scale.
But... I've never done kernel hacking beyond compiling, so by your definition, I'm probably not a fullstack developer.
See why there's confusion around the term?
FWIW, I'm OK with the term, but think it's going to get generalized to the point of being the next 'rockstar ninja' phrase we'll see plastered everywhere in 2013.