Yes-100% is fully in use.
Don't forget that it's not necessarily the total wattage so much as the +12 rail. +5 and +3.3 are not nearly as taxed as in the old school days. It's mostly the 12v that matters anymore.
Some people will tell you that you need combined 30A, some 20A, and there will always be variance based on your rig and your usage. I've run a Winchester @ 2.7 in a fully decked out rig (5 case fans, 3 HDD, DVD-RW) with a bios flashed 9800 Pro (XT) oc'd to hell and back for about 6 months on a 350 watt 18A on the +12 rail Fortron psu. Important here is that while there are tremendous bargains to be had, name brands and past history are important with PSU's.