I think it is still only for certain Dell models and it probably only works with new 6.2 installs, but it is a badly needed capability to be able to predictably map the device/config names to the matching physical NICs.
I was wondering about this because the T3500 I'm setting up with fresh 6.2 installs have eth0.
The whitepaper linked here
http://linux.dell.com/biosdevname/
explains it in detail, and indeed the T3500 is listed as not supporting under RHEL6.1 SMBIOS version is 2.5 according dmidecode and they say 2.6 is required.