Well, if you want to get REALLY technical - no.
It is using resistance though, but as a side effect.
It's probably not a linear regulator. It is almost certainly using a switching mode voltage regulator. Although the switching is fast, there are some losses - and the more often it has to switch to reduce the voltage to keep the current steady, the more the loss builds up. There's always a little hysteresis with any semi-conductor switch.
Basically, the thing will turn on or off a transistor (of some sort or another) to switch voltage into a capacitor. As the transistor is either off or on, there's very little loss (resistance), but the switch time has a 'ramp' which will have some loss.
Like with any regulator, the thing will get hot the more work it has to do. Depending on the technology, it may be LESS hot than a plain resistor or linear regulator - yes.
Anyway ... my dilemna is that I want to be able to 'sequence' the pods in my setup across the tank, so I need to run a 4/2/1/1/2 setup (4 RB, 2 NW(or CW), 1 T, 1 R, 2 V). I'm planning on 8 of these pods on my 120G, but for now, I'm just doing 4 (I still have a 250W MH on the tank).
So, here's the thing - if I dim each pod separatly, then I need to run 1 T, 1 R, and 2V each on their own separate 600mw LDD.
I'm using 19.5V old Dell laptop power supplies for this (it's amazing how consultants beat up the wires).
The other options was maybe running the RB and NW's on their own separate controllers, and lump all the exotic LED's under just one controller for each bank. In other words, all the T, R, and Violet LED's on their own controller, across the 2' width of the tank, then just sequence the 'white' lights (the RB's and NW's).
Hmm ... not sure if that was clear.
== John ==