No, not exactly same functionallity as geocaching.com, their filtering options are too course. They have no option for selecting i.e. counties (swe: kommuner), only the center point and radius option, which in many cases forces me to create overlaping PQ's to cover an area completely because of their 1000 caches limitation.
Project-gc has the option to do this county filtering. But, unfortunately, not the option to "subscribe" for a PQ for ie my home area, combined with "not found by me, not owned by me and enabled" caches.