The answer seems to be yes. We have been using Eagle One's Wax-As-You-Dry for a couple of weeks now and have to say that it works pretty much as claimed. You wash your bike in the usual manner -- out of direct sunlight and when the surfaces are cool -- then, after shaking up the bottle, lightly spray the still-wet surfaces you want to wax with Wax As-U-Dry, and wipe off the water/wax mixture with a clean, dry, absorbent towel, leaving a nicely waxed finish. (Eagle One says you can also use a chamois, but we haven't tried that.) You don't have to get it absolutely dry to get a smooth, spot-free finish.