Apparently not, at least based on my experience.
I'd be happy to get a reliable zwave controller in addition to elk just to control my three thermostats, but there is no such animal which is perhaps understandable taking into account the general awfulness of zwave compunded by its non-existent diagnostic tools.
Unfortunately, there is no reasonable alternative to wirelessly controlling thermostats and locks. The often mentioned zigbee has the same RF and mesh topology characteristics as its cousin so it, most likely, suffers from the same architectural issues as does zwave. Plus, as far as I am aware, there is no zigbee-elk module. Also, not sure if zigbee disgnostic toolset situation is any better than that of zwave.