yes it uses the v-link chipset.
from anands web news
"We learned about a DDR Socket A mainboard from ASUS based on VIA KT266 chipset. It will be called ASUS A7V266 and like many other DDR solutions from this company, it will offer very rich opportunities for flexible memory configuring. For this purpose A7V266 will be equipped not only with two 184-pin DIMM slots for PC1600/PC2100 DDR SDRAM but also with three 168-pin DIMM slots for PC133 SDRAM. As for the expansion slots, ASUS A7V266 will have 5 PCI, 1 AGP Pro and 1 ACR slot.
The mainboard will also feature an integrated four-channel sound controller from C-media and ATA/100 RAID controller from Promise. Moreover, we would like to mention that A7V266 will be a good thing for CPU overclocking offering the opportunity to change the FSB frequency with 1MHz increments. The first shipments should be arranged in the end of March or beginning of April."