No. It equates to returning undefined, which is the same as having no return statement at all.
revision 7 http://jsperf.com/always-return-on-jquery-events/7. Just return vs return true (faster).
But as smilekzs points out revision 3 this might not be about the return statement.
I posted the jQuery code in a previous comment; take a look at that and you can see how it works.