No, not really.
Predictably, in 1997 Drosnin "discovered" such current events as Yitzhak Rabin's assassination, Benjamin Netanyahu's election, Comet Shoemaker-Levy 9's collision with Jupiter, Timothy McVeigh and the Oklahoma City bombing, and, of course, the end of the world in 2000. Because the world did not end and current events dated his first book, Drosnin continued the search and learned--lo and behold--that the Bible predicted the Bill and Monica tryst, the Bush-Gore election debacle and, of course, the World Trade Center cataclysm.
Just like the prophecies of soothsayers past and present, all such predictions are actually postdictions (note that not one psychic or astrologer forewarned us about 9/11). To be tested scientifically, Bible codes would need to predict events before they happen. They won't, because they can't--as Danish physicist Niels Bohr averred, predictions are difficult, especially about the future. Instead, in 1997 Drosnin proposed this test of his thesis: "When my critics find a message about the assassination of a prime minister encrypted in Moby Dick, I'll believe them."
Australian mathematician Brendan McKay did just that, locating no fewer than nine political assassinations secreted in the great novel, along with additional discoveries in War and Peace and other tomes. American physicist David E. Thomas predicted the Chicago Bulls's NBA championship in 1998 from his code search of Leo Tolstoy's novel. He also recently unearthed "the Bible code is a silly, dumb, fake, false, evil, nasty, dismal fraud and snake-oil hoax" from Bible Code II ,