Yes, this is the one with the Joker battle. But the real story here is the build-up to the big Batman-Superman battle to come.
I love the way Miller uses color in the narration box to signal that this is big blue thinking, and the way he drills down from way up the clouds, where Superman lives, down closer to the real world of Batman and humans.
I can’t swear to this, but I’m pretty sure the use of colored narration boxes was an innovation here to signal multiple narrators. The possibility of more than one “first person” is one of the things that makes comic books, as a genre, unique.
Nobody has figured out how to do that in other art forms without the story getting disjointed or confusing.