pwnage does mean pure ownage

BUT

the word "pwn" comes from starcraft when blizzard decided that the word "own" was to much for their players so they put a profanity filter on the game which made players say "pwn" instead.

Noun form of the verb 'to pwn'

A word meaning to pwn (own or totally destroy) the apposing player/team. It is used in various phrases before/during/after counter-strike games.

While most people (gamers or otherwise) believe this word to be a typo of the word "ownage" there is another belief that it stands for "perfect ownage" just like "pwn" is "perfectly own."
Of course, this was probably made up afterwards.

Related: Plwn, Plwnage. A build on the classic "Perfectly own" by turning it into "Perfectly Legally Own." This is important because sometimes, when one is pwned, they will become indignant and claim that cheating was involved. No cheating can exist if they were plwned, though.

Only a few documented cases have existed, mainly because they were all within a few minutes of one another. Sadly, this is not a typo, but actually a misspoken version of Pwn. The individual who spoke this' name will not be disclosed, because he/she is very close to me.

To totally pwn, or be better than, someone.

A term created by computer/video game nerds used to describe flawless dominance of another in the computer and video game realm. The root word "pwn" was originally a typo of "own" because the "o" and "p" on the keyboard are right next to eachother.

PWNAGE is now an acronym that stands for: "People With No Actual Girl Experience," because most of the people that use the word are usually spending their time absorbed in the computer world and not the real world. Consequently, they don't socialize much in physical reality and therfore, don't get laid. Internet porn and excessive masturbation have become commonplace for them and removed all drive to go out and meet someone to fornicate with.

A common mistyping of the word ownage. Some people tried to give it a legitimate definition in order to save face, and this has now become commonly accepted despite the clear origins of the word in the qwerty keyboard.