Duplicate post, However Peter has replied to this query already:-
https://supportforums.cisco.com/discussion/12748851/ospf-las-types
Yes, a point-to-point interconnection between two routers is represented using two links in an LSA1: One link represents the point-to-point interconnection between two routers, the other link represents the IP network on the point-to-point interconnection.
A couple of years ago, I had a more in-depth discussion on this topic here - you might be interested:
https://supportforums.cisco.com/discussion/11608991/ospf-termonilogy-stub-network#comment-7834706
Please close this thread rather than keeping it open.
HTH