Ya, it most certainly does. The CPU AI is kinda lame, but it can be fun, especially when you are learning.
I have a standing challenge to win with 2 humans vs 3 "normal" CPU's on the new Docks map. The human side needs to be split into the two corners of the map (positions 2 and 3). I have tried 3 times with no success. Santa and I came the closest, and though we did get run over by 50 tanks, I think we could have won it with slightly smarter defenses.
3 of us had a HUGE 3 vs 4 battle with the CPU a few nights back. By the end, we had so much power built up that we crushed them, but it took a long time.