Yes it is, but he using his eyes to cast this version of Tsukiyomi instead of the moon as he said. Once he uses the the Juubi's power to cast it on the moon than he can suck up everyone into the Genjutsu.
Yes it's a weak version of Tsukiyomi to answer your question.
He even says so without coming out and literally stating it in the scan, when he says "by using the moon instead of my eyes to cast this Genjutsu I can create my dream world".
U_U
1) That is not madara's sharingan, he doesnt even have MS with it as far as we know....
2) He used sharingan genjutsu, just read the mangaYou must be registered for see links
You must be registered for see images
If so, how could he do it with only one eye?