No, it is an LGA775 platform. It is old and outdated. For Intel look for a LGA1155 platform or better yet the latest LGA1150 platform. I wouldn't even look at LGA1156, which is the platform between LGA775 and LGA1155. Save yourself a headache and only look at the last two CPU socket platforms.
If you already have the platform, there is still life in it. However I wouldn't advise buying into the platform at any price, especially for a gaming rig.