No, that isn't correct at all. It doesn't rubber up, then get dry slick -- just the opposite. It gets slick all the way across and guys move down the track and start playing huggy pole -- With all the cars running in one groove, it then lays rubber down in that one groove.
The black shine you see all the way across the track is NOT rubbered up. If it were, then you could run anywhere on the track and be fast. Instead what you see is everyone searching for the thin ribbon of rubber (starting at corner exit) -- whoever finds it first starts picking off cars until everyone else figures it out and then you just fall in line....Like I said, even lapped cars make it difficult for the leaders to get around.
The only way it will take rubber, THEN go dry slick, is if the track crew physically goes out there with a disc and grader to cut the track up and start over (like you mentioned in an earlier post.) If the track takes rubber very early on in the night, (where the WoO officials think it'll make a stink of a follow-the-leader race,) they'll request that the track crew cut the track up and start over. Again, the track only takes rubber AFTER it has gone dry slick, and generally even if they do cut it up it'll rubber up again by feature time because they can't get enough water down in the track to keep it from slicking over and going back to single lane rubber groove by the end of the feature. A few other good examples of this happening are Dixie Speedway (Woodstock), GA), Lakeside, KS (dirt), Pevely, MO (I55) & Fargo, ND. There are others, but these tracks are notorious for rubbering up early on.