Yep - the side mirrors will adjust to your saved settings, and if you have a HUD, the placement of that on the windshield will also be saved in your seat memory. It works great for my wife and I. The only thing you have to manually adjust is the rearview mirror.
An obvious question but it should be asked. Have you set the side mirrors to different positions with each seat setting? Try extreme mirror positions to check that function with your seat settings. I have Limited AWD and the mirrors move with the seat selection as well.