Yes, but to be clear - the difference in impact on the target is (generally speaking) negligible. If an SNMP request takes .001% of a machine's resources, and WMI takes .005% (I just made that value up, don't quote me on it) nobody is going to pitch a fit when you turn on WMI. And the value you get from WMI monitoring (windows volume mount points, hardware details, seamless addition of SAM monitors without providing additional permissions, etc) may be worth the nominal hit to the system.
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