Nope. According to the ESPN.com transactions page its now OF Eric Valent.
from BP's 2003 book
If premature callup can damage a player's future than Valient is exhibit A.
On pace to be a solid ML bench player through mid 2001 he suffered a horrendous stint in MLBand hasn't recovered, both his pitch selection and power dropped last year. His only hope to ressurect his career might be elsewhere.