No, the adorable naive hacker thinking is that one could actually write a contract that has no room for interpretation (see DAO). There is a very good reason we have judges and lawyers, which is that being 100% un-ambiguous is impossible, and smart contracts are no exception to this rule, only there every ambiguity will allow either one of the contracting parties or an outsider to make off with the loot.

So for now nobody appears to be willing to stand by 'the code is the law'.