No. You can export PNGs from PPT and use those as stills. Also, you can open the PPT in Keynote and export a QT. I've never done that, but have read posts saying that's the best way to do it. PPT's QT export is poor.
MacPro 8-core 2.8GHz 8 GB RAM OS 10.5.5 QT7.5.5 Kona 3 Dual Cinema 23 ATI Radeon HD 3870, 24" TV-Logic Monitor, ATTO ExpressSAS R380 RAID Adapter, PDE enclosure with 8-drive 6TB RAID 5
FCS 2 (FCP 6.0.5, Comp 3.0.5, DVDSP 4.2.1, Color 1.0.3)
Pro Tools HD w SYNC IO, Yamaha DM1000, Millennia Media HV-3C, Neumann U87, Schoeps Mk41 mics, Genelec Monitors, PrimaLT ISDN
What I end up having to do is (believe it or not) take screen shots on a PC using Hypersnap DX and saving the image of each slide as a PSD file and then importing those into FCP. Ugggerly, but it works. Hypersnap DX allows for automating the capture/save as PSD step, so it's not a slow as the process suggests. But it is clunky.
Of course, you lose all the Powerpoint animation. (What we in the software biz call a "real feechur.")
There's got to be a better way. I was thinking of using PowerPoint on a Mac and something like Camtasia to record a movie of the animations.
Let us know if you find a better way.