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If you're looking to run to monitors and the MPB display panel. Then the answer is no, not by default. You'll need some special hardware to get that ability.

I run two display, but one of them is the mbp, the other display is a dell and I'm happy with the arrangement.
 
It depends on what you mean by support two monitors. There's only one port to plug in a monitor. If you mean any two monitors like the MacBook Pro's display and second display then definitely yes. Two separate monitors not including the MacBook's display would then ask whether you mean naturally, then no, because of only one port. If you mean by support as in powerful enough, then yes it is.

As for getting two monitors, there are numerous ways to do so, ranging from USB to VGA adapters (heard the refresh rate wasn't that great and some have flickering) to vga splitters (this is only for cloning as opposed to expended desktop) to specialized boxes like Mattrox (which combines two monitors rather than extends) to very iffy/buggy solutions like Magma's ExpressBox.

All in all the experiences vary enough so that it's not actually too definitive which one is better than the other. However the general consensus is that they're all terrible...it's just which is the one that's not as terrible as the rest.
 
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