Sorta, but not really. At absolute zero, there is no thermal energy. Translation: no random energies that allow the atom to bounce around, shake, move or otherwise interact with its surroundings. It has been effectivly cut off from the rest of the universe, until the universe "decides" to "mess" with it. Such intereaction can happen when a low energy EM radiation (IR rays, say from the sun, but any other matter >0 K will suffice) is captured by the atom. This will dump energy into the atom, and cause it to move. But I digress, to the atom times still flows at a regular speed, but its not doing anything, it just slows down. Think of it like being exhausted, you stop working. Once you get some coffee you start working again.
When a particle moves at relativistic (~0.2c or greater) time begins to slow for its frame of reference. Or the particle (really) speeds up for every elses reference point. At v~c time the relative time movement to that particle is ~0.

This can best be shown experimentally by using radiocative decay. (Note: this is the universal text book and paper example) A decaying particle will have its half life increased when it moves faster. That is becuase its time reference has slowed down. The partcle may think its still has a half life of T sec, but the neutral observer notices that the halflife is really >T sec. Thus both the laws of relativity and nuclear interactions are upheld.
Thermal energy has no effect on half life. A 0.1 K particle will still decay at the same rate as a 10,000 K particle. Assuming that both have the same speed to our neutral observer!

I'd like to say more, but this little window isn't convinet for scientifc writing (read: I can't type equations very well without it taking forever to type and format)

Hey! No fair, I was trying to keep it simple for the masses! There's no connection between thermal dynamics and light, I just think there's a connection above physics, much in the same way humans originally looked at atomic structure in the same terms that solar systems are created with the sun being the nucleus.

Well that's a theory partially based on

Z*e emax^2 + Z(e)pmax^2 +N(e)nmax^2 =23.79 MeV
Kc* --------------------------------------------------------
A c

A c is the Compton Wavelength

Kc is Coulomb Constant

Z is Protons

N is Neutrons

This equation says 0K is impossible based on what you said because there would not be enough energy leftover to allow the "binding" exchange to take place.

Bah I have to run, but I'm not letting this slide, I still have much to say!!

But think about it Headge, not the math but the theory, what would happen if the experiment I talked about happened?

I think it's a real mind-bender personally. More of a fun thought/discussion than anything you or I can prove in nature =)

I like lettuce! Does anyone have any lettuce?