Sort of but not really... openflow keeps the specialized network hardware, in the form of switching fabrics etc, but allows for a common set of programming instructions to be applied, so routing decisions can be made based on simple rules in the hardware, or exported to a computer to decide routing (for the packet or flow) without needing the computer itself to process all the traffic. This is different than using a computer with N ethernet cards, where all the data had to be marshalled around.