Right. It produces slightly more than two pixel widths per halftone dot for a 133 line screen. It's sort of a Nyquist thing.
As Erik pointed out, it's also the native resolution of Canon printers.
Jim
I was going to say it was a line screening thing. And, in early days, continuous tone printers like dye sublimation, were all designed around that existing 300dpi requirement.
I don't know about the newer, higher resolution, Epson printers, but they always recommended 240ppi in the source as a high quality minimum. Apparently, their dithering algorithms were designed for that or it just worked out that way. Hence, you wanted to send 180ppi, 240ppi or 360ppi to Epson printers.