Yes. ExpressionEngine does not actually use an MVC pattern in how it creates a site and is a CMS and not a framework (our framework is CodeIgniter. Instead it relies on three things to display a site. Templates, Trigger Words, and Pages.
In the Templates area are template groups and templates, so that they will show up on a site as index.php/template_group/template/, and you display content in those templates based off tags, so any content or data from the site can be displayed anywhere.
Trigger Words apply to the Member and Forum module, where instead of tags in templates, there is a trigger word (index.php/forums/) that triggers the loading of the forum module or member module. That is probably as close to MVC as EE gets at this time.
And then, there are Pages. Where you can specify a URI and it will redirect to any template and display a single entry. (index.php/personal/about/me/cool_dude/)