Kind of. There are no special menus that you can see directly, but through the use of apps designed for root new features become accessible. Other setting can be manually changed once you have root by editing certain system files that otherwise would not be accessible.
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To elaborate on the apps side root explorer allows you to access all system files that you could not access prior. It allows you to beable to implement hacks such as the wireless tether hack or to use root only apps such as wifi tether. Gives you the option to load an alternate recovery via safe or bootstrap which you can then create back ups of your current system and data files to restore at a later time and enables the ability to flash new roms. This is just one of the many things rooted users do. It also allows you to change the names of certain files that you dont use or move the entire file to the sd-ext which will essentially keep it from running in the back ground and draining your battery as well as slowing down your device.
So when I root it I get like more settings then a normal Droid Razr would have to like play around with and change to my liking??
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