Yes. Here's a better wording of it than I can offer:
"Having a wireless card that operates in monitor mode allows the card to capture packets without associating with an access point or ad-hoc network. This way, you can sniff packets from a specific channel without ever needing to transmit any packets. In monitor mode, you can also discover access points that might not otherwise be available to you and attempt to crack the WEP key associated with that AP that way.
AirSnort also allows you to use promiscuous mode, which is similar to monitor mode but requires you to associate with a nearby access point-meaning you can effectively only sniff networks that trust you. If you are in promiscuous mode, you will not be able to sniff packets until after you have associated with an AP. "
http://www.securityfocus.com/infocus/1785