Absolutely, and the food is very good. It's not exactly a show, more of a demonstration, but it is AWESOME!!!!! This has become a tradition for us to do as our "last meal" before heading home the next morning. We did the VIP tour the first few times there which included all day dining, so we never did Dine with Shamu, but once we did, we were hooked.
For our family of four, it is a little over $100, plus a tip to make it roughly $135 - $150, actually a touch cheaper than a nice dinner, movie, and popcorn.