No it doesn't.
There are a number of apps in the app store that will integrate with Google Tasks. Many of them free. There are also a number of free and paid apps that will sync with services like Toodledo. The free version of the Toodledo service is much more powerful than Google tasks at the moment. It supports repeating events, multiple reminders, etc.
You might want to take a look at those while we wait for the new talk manager in iOS 5.