No it doesn't. I got into an Argument with a "studio worker" [person who sits in chat rooms to redirect to webcam site (she's the one who refered to herself as a "studio worker")] in a chat room on Captcha she stated how easy it was to get around and insisted everyone posting ads in the chat room was a bot. Due to the chat room having captcha for every room, the likely hood of 25+% of them being strictly bot automation I found highly unlikely. And was just trying to look for further proof to show how hard it was that most of them were complete Bot Automation without a human first inputting the Captcha to allow entrance for their bot program to run. This was inside a Chat Client btw.
I've noticed no one added info for OP. SHELLS, Back when I was cracking accounts for yahoo, bypassing captcha after getting too many failed attempts was made possible by using a Proxy Cracker. How it worked was you would scan say Yahoo for ex. for their log in servers. After gathering say 100+ you could then plug them into the proxy cracker also it would have a place to put known good proxies in and it would attempt to crack the account with the word lift cycling through and changing the Server and Proxy each time, thus never getting to the Captcha.