In a word, no!
I'm beauty editor on a daily paper and got one of my colleagues to test it. She found that the immediate effect was quite good - but wore off within an hour so needed reapplying. She also found it gathered into her crows feet and she had to wipe it off because it was leaving raised ridges of cream on her face.
The best scoring product we've found in the last couple of years has been Boots Protect and Perfect Serum - which does seem to have a cumulative effect over time, although still not as good as plastic surgery... or just telling everyone that laughter lines are a sign of having lived a little and that you're enjoying life!