Not quite. Kerry has 112 + CA 55 + WA 11 + OR 7 + OH 20 = 205 EC.
Here's a neat little link I found:
http://www.pbs.org/newshour/vote2004/politics101/politics101_ecmap.html
It's an interactive map - you can change the state colors to see what the count would be.
With PA being called for JF'n, that puts the balance at 275-263 for Kerry.