Sort of - For lazy raider at least.
The Default routines are fairly decent at dpsing, and I'm told Sorc/Sage has a healing routine now too. Haven't been able to test out how good it is though.
If you load the bot with a blank routine, you can control movement and it will dps for you when there's an active in combat target. Without any pause function though it makes it difficult if you have to stop dpsing something to try and throw a stun in for example.
However, be warned, the bot is temperamental, and if you haven't dps'd in awhile due to a long conversation, it can stop working and only way I've been able to get it working is restarting the bot. However Default Combat is pretty easy to figure out and setup some advanced dpsing logic. If you've ever tried Gnomesequencer for WoW, it is like that, but it will do the dps for you (and cooldowns etc with the right parameters).
I know that sounds bleak, but honestly I've leveled using this method (as I'm mainly playing for the stories as such) and it's worked perfectly. Manual targeting though. FP's and Operations works fine too.