Not yet.

Currently the mobile style is just the default vBulletin 4.x layout, which works better than the 3.x default layout. However some stuff doesn't work, but a lot of functionality was removed in the previous mobile style anyway. The goal for the mobile style is to be a simple/fast as possible to navigate the forums and be able to post, not much more, which is why a lot of the functionality was removed in the last mobile style.