That is on a chassis dyno (what the rear wheels actually put to the ground). It's a little more useful than the 170hp/200ft-lb that Nissan claims at the flywheel. Overall it's not too bad, about 22% drivetrain loss on the Hp number. That was a sweltering hot day in Houston, and I have Dunlop A/Ts on my truck which are over-sized and more aggressive.
Here's a link to the graphs of my dyno runs:
Dyno Curves You'll notice the first two are lower than the third. I mishappenly left the A/C on for the first two, so now you know just how much A/C saps from the engine as well. Whenever I get to doing some engine mods I'll run her again, I did that for a baseline.