Unfortunately, I just joined the site, but YES this is a chicken of the woods. There are actually a few types but most common are the following. Laetiporus Cincinnatus and Laetiporus sulphureus. Cincinnatus is definitely the better tasting of the two and it normally grows in spring all the way into the fall. It also grows around a tree out of its roots instead of on it. It grows in a rosette and is pinkish and white on top with white underneath. Sulphureus is what you have in the picture. This one grows on dying or dead trees and stumps and never on the ground. its also more orange on top and the give away is the underside is yellow, not white. It also grows in a shelf style. Both are edible but you should NOT eat them if they are growing on a conifer. There have been reports of people getting sick from conifer chickens. Any hardwood is fine and that's what I stick to. These are both best when young and soft and you want to eat the outer edges as this is the most tender (unless VERY young). Simple recipe - sauté these in light butter with some garlic and shallots and peeled shrimp. These go great with shrimp. Then you can toss that mix right into some pasta.
Here is a picture of a Laetiporus Cincinnatus I found so you can see the difference.