Yep that's right
Abyss, The wall wart is just a supply - as long as it can supply enough power to the charger module then it will be fine. Just to make sure everyone else understands this I will try clarify things.
Battery chargers come in different types, The integrated all in one wall charger that plugs directly into the socket and has a single purpose made output lead or cradle, Cell chargers Like the Nitecore and Xtar - designed to charge individual batteries either singly or in multiple bays, Industrial / Professional - Car chargers etc, and charging modules designed to be used with a multi-purpose power supply and a particular product (Such as an eGo).
The ones everyone argues about are the Charging modules. They are designed to take a multipurpose power supply - and this is where the vast majority make the mistake, they read the little label and see 5v/500mA. They then assume that this is what is output from the device - it isnt! 5v/500mA is it's rated capacity, the MAXIMUM NORMAL VOLTAGE OR CURRENT it can supply. During use the actual current demanded from the power supply may vary from almost 0 to 500mA.
It is the charger module that is important! it limits the voltage 4.2v and current taken from the supply to 420mA. By placing the charging module between the power supply and the battery you regulate the flow of power from the power supply to the battery so that the battery never recieves more than 4.2v @ 420mA. Using the wrong charging module or worse still one of the tiny USB plug type connectors some people supply with cig-a-likes could allow your battery to receive the wrong voltage - and it's voltage that Li Ion cells are sensitive to - not current...