Indeed it does.
All content is templated, so you can save your content, update and reuse it.
You can use madlibs in this format {You|I|We|They} in titles and in the body.
Included content plugins are Associated Content, Flickr, Google Translate, Blogsearch. If you know PHP, you can add your own content plugins. Also,
YACG plugins are portable to
Link Farm Evolution. There are a lot of user contributed plugins on the YACG forums.
You can also live sample your templates, so you can gen content, then copy it to your template and modify/spin it, than regen it, then copy and modify it etc.