No.
Unlimited user connections are authorized only if you have a Master License Agreement with Novell. This is different than merely installing the MLA license that comes standard with NetWare.
NetWare usage is always audited and is subject to whatever limitations are specified in the paper licenses associated with the NetWare purchase. For example, a 5-user Red Box™ (retail) license for NetWare authorizes up to 5 simultaneous user connections on the network. A Master License Agreement with Novell authorizes unlimited user connections.
MLA license certificates were originally given only to customers with Master License Agreements with Novell. However, to simplify license management, they are now used in all NetWare installations, starting with NetWare 6.5 SP4.
MLA licenses contain a special server license that permits NLS to grant login requests without confirming that a user connection is available. No user licenses are included in MLA licenses.