Yep, they'd have to be counter-steering the bike but your photo shows a person counter-leaning.
Basically you're combining two terms into one.
The counter-steering is the turning of the bars the opposite direction to the direction you want to go which allows you to flick the bike backwards and forwards.
The counter-leaning is balancing the turning forces at lower speed motorcross style.
Actually a pretty good explanation:
http://en.wikipedia.org/wiki/Countersteering
Best vid I ever found when I was learning to ride:
http://www.livevideo.com/video/RideY...tersteeri.aspx
EDIT: And just so we're clear I'm not having a go at you by splitting hairs mate. Just trying to avoid the newbies getting confused when they see the term being used.
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