A family of Microsoft relational database management systems designed for ease of use.
Yes, that will work in A2003. Parameters have probably been part of Jet SQL since day 1 (at least A2 when I started using it). There are occasional situations where declaring parameters in simple SELECT queries is necessary to specify the data type because Access' automatic type conversion guesses differently than you intended.
As an aside, QueryDef objects have a Parameters collection that you can use to see the name of each parameters and to set its value when using VBA code to retrieve the query's records.