Nope, it's not as good, but I would bet you can be creative and get some use out of it.
Put the pulleys at the bottom and get a bar that connects between them and put it across your back and you can do some squats in there. Not exactly an ideal solution, but better than nothing if this is the only thin you have access to.
We have one of these things at my gym (in addition to a cable cross station, so I'm not sure what purpose it serves).
It has pull up handles. That's pretty sweet. You could get really good at pull ups.