actually this is the 'midpoint' method. verlet is different in that it negates needing the first order term altogether, which is instead gotten at any instant from the previous and current position (zeroth order term).
but yes, verlet is much more powerful for game physics, especially when coupled with constraints since it allows all kinds of non-trivial behaviour (angular momentum) to fall out.
but yes, verlet is much more powerful for game physics, especially when coupled with constraints since it allows all kinds of non-trivial behaviour (angular momentum) to fall out.