no, it's still a toner transfer method, just like the photo paper method, so it still relies on sticking the toner to the board.
that said, I got my first laser printer for $20 from a local guy who wanted to get rid of it.. it was big and ugly and crappy but it worked, and made many a board for me. my latest printer (laserjet 1100) was bought on ebay for about $50 including shipping, from a large company that had replaced several hundred of its printers in a big technology upgrade. if you look around on ebay you can find the same printer for reasonable prices. (just make sure it comes with the cable, those are proprietary)
it's a bit of an investment, but for me, it's a good one anyway, because I have no reason to do color printing, so I can print off loads of things on the laser printer (school papers and such) without going through expensive ink cartridges like candy... the toner cartridges last for a couple thousand pages, and are only about $30 to replace from ebay (which is as much as some ink cardtridges anyway)