Sadly, this is exactly what's being marketed as 'VPN' for about 5-10 years. Not sure who started this and whether we can ever correct this misuse of the term.
Not really. It's what's marketed as "VPN service".
And a key point of VPN services is that they don't share the ISP-assigned IP addresses of their users with anyone else. And they don't retain any logs, which an adversary could obtain in one way or another. Indeed, the best ones run totally in RAM, and don't have writable storage.
Edit: Also, using "VPN" in that context is not at all deceptive. Enterprise VPNs not only provide secure access to private resources. They also provide secure (and yes, often controlled) access to the Internet generally. And that's just what VPN services do. Except, mostly, for the "controlled" aspect. Although some VPN services do feature blocking of malicious sites, malware downloads, etc. Some even block age-inappropriate content.
And a key point of VPN services is that they don't share the ISP-assigned IP addresses of their users with anyone else. And they don't retain any logs, which an adversary could obtain in one way or another. Indeed, the best ones run totally in RAM, and don't have writable storage.
Edit: Also, using "VPN" in that context is not at all deceptive. Enterprise VPNs not only provide secure access to private resources. They also provide secure (and yes, often controlled) access to the Internet generally. And that's just what VPN services do. Except, mostly, for the "controlled" aspect. Although some VPN services do feature blocking of malicious sites, malware downloads, etc. Some even block age-inappropriate content.