Based on my very recent experience, probably yes. Earlier this week I collected a brand new Nate Mendel in a factory sealed box as a warranty replacement. (Long story, don't ask)
The action was so high that, to me, it was almost unplayable straight out of the box. It took a lot of trussrod adjustment to make the relief acceptable. I don't believe that it had been touched. After a change of strings to a new set of Sadowsky Blue Label Flats and very careful adjustment it now plays really well, feels very nice and sounds great. No dodgy frets, no dead spots, just very well made.
My only criticism, and it's very minor, is that the pickups are an interference fit in the pickguard which is obviously fitted first so you need to take out the two outer pick-up screws and lever off the pickguard in order to remove it and get to the trussrod. The first job was therefore some careful fettling of the pickguard cutouts so it can be removed and replaced easily.