Kinda, its a whole different world to AMD mav mate.
lets say you run the cpu at 250mhz, the ram comes as stock on the motherboard to run at 3:4 with the cpu, thus meaning the ram is actually clocking at 333.33 recurring mhz, 250x4/3. i am sure you can do the same thing with a amd actually. however there is another option to allow you to run 2:3, which is handy if you dont want to overclock the cpu, thus running the ram at 300mhz at stock cpu, which gives a significant yield over it running at 200mhz.
the only thing with it is the latencies which are now being ironed out, and all the above is at stock volts by the way, corsair guarentees it to that at stock v. when AM2 comes out it shouild be interesting as they will be using ddr2, and hopefully with tighter latencies.
again sorry if none of this makes sense, im off to bed