Yes but
AFAIK there still isn't anything lower on the list of choice for bike frame materials.
It depends on the bike's purpose and the preference of the user. As far as I'm concerned 'carbon' frames are at the bottom of my list. Aluminum (aluminium) is next then titanium with steel alloys being my favorite. But then I'm an old utilitarian type (non-weight weenie carmudgeon) bike riding kinda guy. I'd choose an old EF Schwinn over a Cervelo carbon any day.