Yes this does!  I was also able to confirm this with VMware as well.  However this user's app data will still reside on the tablet and not be removed between user's checking out the tablet.  It just get's separated.  If we were to use one generic user account for checkout, we would expose various user's data.  

Would anyone know of a way to clear app data on the tablet at specified time internals either through commands in a profile or through the console?  Is there any 3rd party applications out there that can accomplish this?  Utilizing multiple user accounts (for checkouts) for this project is just not feasible.