It would appear so to some degree. The following link will take you to the Vaticans website, to their online Catechism. Here it talks about the Catholic churches relationship to the Muslims. To be fair and get the the full context of the section, I would suggest reading section 839 through 848. 841 specifically talks about Muslims. Other faiths are also covered in the area.
There is no acknowledgement of any doctrinal similarity and both are largely statments acknowledging Islam's monotheism and that truly devout Muslims who seek God and are ignorant of the Gospel may receive salvation.
There are, I am sure, those who would disagree -- even within the Catholic church's hierarchy, but this in no way embraces the "Mohammedan" religion as Pope Paul VI so interestingly put it. (BTW, notice that he uses "Muslims" in the later document. Guess he got a memo.)
It also differs from Dante's view (medieval Catholic poet) that his hero Virgil is forced to reside in Hell and was not permitted to enter heaven.
And, frankly, it sure beats "death to the infidels".