Yes but the behavior is much different and less scrolling is needed under Notes.
In Notes, when the item is auto-highlighted, it knows what actions are appropriates and prompts you accordingly. And for URLs there is no need to select Get Link -- just click. And for maps ( ie where the link is maps.blackerry.com), it behaves differntly again, and correctly prompts for View Map.
I just find it odd, that it works great if you put everything in Notes, and it works quite different, and not as well, if you put the data them in there proper fields!
I am thinking about re-structuring all my contacts ( ie export them out of Outlook, revise in excel so they are nicely formatred into a single Notes) and then import them back.