no, it wont
its an installation profile, like what u get when u download drupal. "want to install drupal and set it up to be a cms?" but u dont see it coz thast the only profile available.

this does something similar, "want to set up drupal to be an ecommerce site with ubercart?" but there are no products etc.

plus, u still have to download the extra modules. if u dont the config for the modules will not take.

what u r looking for MAYBE in the comments at http://drupal.org/node/159733

in any case, here's the latest profile update