Peavey's never been a company to lie about specs. I see no reason to believe it's not a 200w amp judging from their good track record. The psycho-acoustics thing, though...that is a bit of a red flag. Still, maybe when Bobby's done rocking in the new year, he can clarify.
The specs on the first Max 112 are 35 W RMS while the spec for the new Max 112-II just says "200W" so it's almost certainly a peak rating i.e the RMS rating would be half, or even less.