No, portsentry in advanced or stealth mode doesn't really open the ports.
netstat -pan on a machine running portsentry in advanced mode shows only the following related to portsentry.
Code:
raw 0 0 0.0.0.0:6 0.0.0.0:* 7 8998/portsentry
raw 0 0 0.0.0.0:17 0.0.0.0:* 7 9006/portsentry
you need to edit the /etc/portsentry/portsentry.modes file to ensure you're using either stcp & sudp or atcp & audp. Running portsentry in vanilla tcp & udp mode will open up the ports.