Yup. It's very dependent on your amplifier power though. Even the Magnepan 1.6 will generate very good bass (above 40hz) when mated to a 300wpc+ solid state or 200+ wpc tube amplifier. The Quad 989 produces superb bass above 30 hz. For the ultimate in bass get the soundlab M-1's. Those go down to 20hz. (disclaimer I sell Quads). The trick is to get a monster amplifier that will cause the panels to generate 'rock solid' bass within their range.
You might want to just consider mating a subwoofer to an ESL. I have had pretty good luck with the Quads/Rel. This also gives you the benefit of sub-20hz bass and a smaller panel in your room.
I have not heard them lately but both the Martin-Logans and the Innersound are hybrid designs with a built in sub.
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