Yes, but AM2 requires expensive low latency DDR2 in order to meet or just exceed performance from the transition from Socket 939 CPU's of the same clock speed and this is at stock speed...
Intel's Conroe runs on a quad pumped 266MHz bus for 1066MHz... meaning that you can use cheaper value 266MHz DDR2 which costs much less but still outperforms AMD systems when using DDR2 800, and lower latency on Intel does help performance slightly, but it is not necessary for performance as it is so with AMD...
Also, Intel once again has fab'd a chip that overclocks extremely well, with 40% and greater overclocks being the norm on air and at stock voltage... You never hear that of AMD chips...