techiejon,
Yes, it applies. It would translate into something like this if together with new keyword.
[tt] Dim oRecipient As new CDOEXM.IMailRecipient[/tt]
would be ported to late-binding
[tt] Dim oRecipient
'then some where later before using it
set oRecipient=createobject("CDOEXM.IMailRecipient")[/tt]
This is normal mode. It may not necessarily createobject(). It might be assigned from something resultant object etc...
With "Option Explicit", dim is strictly necessary (except for dynamic array), else it is optional.
- tsuji