Yes.
For it to work well, the subtle 3 dimensional sound cues are captured in the recording to various degrees (or not).
Then the playback system reproduces them in the 3-D space of your listening room, to the extent that the playback system is accurate and detailed enough to reproduce them. Distance between transducers and the rear wall and adequate proportional levels of first reflection sound off the rear wall is needed generally to accomplish this.
Omnis like mbl do this to the nth degree when set up properly in a large enough room with lots of space behind them and from side walls to minimize early reflections there.
Highly directional, front firing speakers that also rely on coupling to walls or corners for bass like Klipshorn are at the other end of the spectrum.