No, the USB remote is one way, it just applies voltage to the USB connector or not.
If you want two way communication, your options would be:
1) Hack hardware onto the camera, for example by controlling an LED on the camera and using that to trigger a photodiode which controls the LED on your remote, or just cutting out the LED and wiring it remotely.
2) Use the PTP extension to establish an actual USB protocol connection. This would mean your remote would have to be a computer or micro-controller with USB host capability and a full USB and PTP software stack.
