Nope. At least, not 7.01.
Code:
[null] yellow$ system_profiler -detailLevel full | grep Photoshop
Location: /Applications/Adobe Photoshop 7/Adobe ImageReady 7.0
Adobe Photoshop 7:
Location: /Applications/Adobe Photoshop 7/Adobe Photoshop 7.0
[null] yellow$ sw_vers
ProductName: Mac OS X
ProductVersion: 10.4.11
BuildVersion: 8S165