nope Back in January, Tony Hawk tweeted that he met with Tony Hawk RIDE developer Robomodo and was impressed the "next project" it was showing to Hawk. Following that, Robomodo confirmed that it was staffing up to work on RIDE 2. It is unclear if SHRED is RIDE 2 or a completely different Tony Hawk project.
Smart money is on a reveal at E3 2010, which kicks off on June 15th in Los Angeles. Though Activision has not said if SHRED will utilize the RIDE peripheral, it's likely that this is the project Hawk was referring to with Robomodo.