Yes. The first 2 characters say the factory I'D, then the 3rd and 4th character tells you the year, and the fourth, or fith/sixth tell you the week. It all got slightly changed in 2010.
9E911FE201 is the serial number of my old broken no longer living iPod. 9E stands for the factory.
The third character, the 9 tells you it was made in 2009. The fourth and fith character, 11 shows that it was made during week 11 of 2009.
www.appleserialnumberinfo.com is a nice site. Punch in your serial number of an apple device and it will decode that info.
Now for a iPhone made in 2010, my iphone 3GS, here is how it works.
86019XXXXXX
86 is the code name for the factory that my iPhone 3GS was built in. The 3rd character, the 0 indicate that it was built in 2010. The fourth and fith character, 19 show that it was built during week 19 or 2010.
What I'm saying here doesn't just apply to iPhone or iPod products. It applies to every single Apple product. Mac serial numbers are the same format. iPad serial numbers work the same way. So head over to
www.appleserialnumberinfo.com and enter the iPad serial number, an it will tell you everything you need to know about it.