If your referring to 2D apps or Pro3D applications then yes, ATi's boards do perfecly support and take advantage of multiprocessing. In-sofar as games are concerned I've no idea.... the only game I know of that ever supportd SMP was Quake3 and it's implementation was extremely minimal and pretty crappy to be blunt.
If I recall correctly they removed SMP from the later revisions of Q3 in fact.