Not exactly!
For context, I'm an M1 here
The clerkship grading system is being moved from a P/F system to a P/F system with an opportunity to earn a distinction, which is going to be criterion-based. Everyone has the ability to obtain a distinction with this new system, and there will be no competition between students to obtain it. Also, this is a confirmed change and will be implemented in 2026.
The main difference between this grading system and a H/P/F grading system is that ours will be criterion-based, and is not applied per clerkship rotation, but rather to larger competencies at Stanford (so technically clerkships themselves are still P/F, and you will have the opportunity to earn distinctions in different academic domains - these have yet to be finalized). Stanny's clerkship grading will be actually very similar, if not identical to WashU's clerkship grading policy.
And huge shout out to
@Mangoenthusiast for fielding some of the questions!!