No, not really. Mind reading software cannot record your dreams:'Mind-reading' software could record your dreams18:05 12 December 2008 by Celeste BieverPictures you are observing can now be recreated with software that uses nothing but scans of your brain.

http://neurocritic.blogspot.com/2008/12/more-mindreading.html

Visual image reconstruction from human brain activity using a combination of multiscale local image decoders. Miyawaki Y (2008) Neuron.
Identifying natural images from human brain activity. Kay KN (2008) Nature.
December 19, 2008