No, the Northbridge does CPU interface, AGP interface, RAM interface, and connect to the southbridge over the PCI bus. Southbridge does everything else (IDE, USB, all the older I/O ports, Floppy Drive, AMR, onboard sound, etc).
That's why the Via 686A southbridge is on a million types of motherboards.
it does everything but AGP, RAM, CPU so you need a new northbridge for each type of CPU you want, but the same southbridge can work all the IO ports for them all.
(I'm not sure if the PCI bus is controlled by the North or South, I thnk it's sort of shared, but it's what connects the two together)