Yes but in order to achieve those high 14s claimed by Honda you have to do some pretty abusive things to the car that will result in critical parts failure after a few launches. Replacing clutches & transmissions more often then oil filters isn't my idea of a well engineered performance car.

“As with most high-strung motors, the S2000's engine lacks low-end grunt, so it must be revved madly at launch during acceleration testing. But even with nearly 8000 revs on the tach, our very green (345 miles) test car was unable to break a wheel loose on our grippy test surface, which partly explains our rather lackluster performance: 0 to 60 took us fully 6.8 seconds, and the quarter-mile fell in 15.1 seconds at a more impressive 96 mph.”
-Car And Driver August 1999

“There's just one asterisk to the foregoing. Because it doesn't come to life until its electronic tach hits six grand, the S2000 is extremely tricky to get out of the starting blocks in a major hurry without frying the clutch. Schroeder extracted a 5.8-second sprint to 60 mph by using methods we don't recommend unless you want to be on a first-name basis with your parts man. This car will never shine at the drag strip, but once rolling it's as eager as any other.”
-Car And Driver October 1999

“It only took the S2000 5.8 seconds to reach 60 mph, and it did the quarter mile in 14.2 at 98.1. This compares favorably to 6.3 seconds 0-60 and 14.8 seconds at 91.4 mph for the BMW, and 6.0 seconds 0-60 and 14.5 at 94.6 for the Porsche. The S2000 numbers came after launching at 8000 rpm (producing little tire spin) and shifting at 8300. On one run, we launched and shifted at 5500; the 0-60 time rose to more than 11 seconds.
-Motortrend