Nope. It was a term of respect and affirmation in the African American community first, and seems to have been successfully expropriated and rebranded.
>>khazho+d3
That sounds right to me, too. Five years ago someone of color could say to a white guy "if you're not down, you're at least woke" and mean it as a compliment. Not sure what the new way to say that would be.