Mostly, yes. The gases come from a "Positive Crankcase Ventilation" hose which connects to the top of your motor (almost always at the rear of the camshaft cover on OHC engines, rocker cover on others). If you don't have an intercooler, there's little opportunity for the oil to cool enough before it hits your intake manifold and from there into the engine.
However, a very small amount will stay in the intake manifold and it will build up over time. This will reduce the effectiveness of your intake manifold's flow and will reduce your engine's efficiency.
So it's still a good idea to have a catch can fitted.
Now, about that intercooler ... it serves TWO purposes. The first and obvious one is that it cools down the hot air coming from the turbocharger (when you compress a gas, the gas heats up). The cooler the air, the more molecules of air per cubic centimetre, which means more USABLE air in the combustion chamber = more power, more efficiency.
The second purpose - when the turbocharger destroys itself - as they sometimes do - the intercooler ($1400, I think) saves the engine ($10,000) from certain destruction.
The thing with turbochargers is they need to cool properly before you shut down the motor. Some people fit turbo timers to their cars (illegal) and others fit EGT gauges (Exhaust Gas Temperature) with the probe on the exhaust manifold (the best place for it is right near where the turbo bolts on). When the temperature drops sufficiently, it's safe to turn off the motor.
The heat in the turbocharger tends to burn the oil in bearings, forming hard deposits which eventually build up enough to destroy the bearing. Since the turbine spins at 60,000rpm (trucks) and more (these little ones regularly pass 100,000rpm) then any bearing failure is going to be catastrophic.
That intercooler is not just an efficiency tool, it's insurance. So, fit both!