Nope,
I know of at least two crashes that RCC mobilized on because of an ELT hit. In one case, there was a flight plan, and the flight plan was (barely) overdue. In the other case, there was no flight plan, but both of these were in remote areas of AK, where the liklihood of a false elt alert were small.
The problem with 121.5 ELT alerts is that it takes RCC a few hours at least to triangulate even a general position, so if your elt goes off, they would know there was an elt, but it would take a couple more hits before they had a good location, so it'd be a while before they even knew where to look. In the meantime, oftentimes, someone else would push the panic button, due to overdue flight plan, etc.
MTV