I believe that it is currently shipping... A couple of members on this forum have the board already.
Anyways, to answer your question, yes. It has the same great features (D-LED, among others), same supreme stability of the original K7T Pro (capacitors almost the size of AAA batteries), plus it has multiplier control, meaning you can overclock your processor by changing the multiplier, providing you have an unlocked Socket-A processor (Duron or Thunderbird).