Apparently a new product, or relabeled old product. By the people who also make Gunk. 15 oz. spray can clearly says lubricant. "Cuts friction and clings to chains and sprockets, extends life and inhibits corrosion. Anti sling formula with molybdenum disulfide." Not to get into pros and cons, I just wanted an oil based lube as they supposable last longer, good for someone like me who puts off maintenance. Forgot what it cost, got it at the local farm equipment store. But yes I know what you mean regards solvent, have a 40 year old can of the original Liquid Wrench in shop.
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BierHaus Bertolette Road Bike, built 2007
BierHaus SRT Trail Bike, built 2010
Fuji Mt. Pro - 2007