I received all three volumes in the mail today. Yes, the three volume set is the translation of the entire Urdu Lisanul Quran series.
Having just briefly perused the series, I can say that it looks to be EXCELLENTLY organized and APPEARS to touch on some concepts not covered in other very good series like "Arbi Ka Mu'allim". That's not to say that this series is necessarily better, but it can sure hold its own with anything else available in the english language.
As time wears on and I use the series more, I will report back with more updates.
I am very excited.