Yes, that is a known gesture:
- TRACKPAD GESTURES -
1 finger tap - Primary mouse click
2 finger tap - Secondary mouse click
3 finger tap - Start Menu
1 finger swipe - Mouse move
2 finger swipe - Window scroll
Coming soon:
3 finger swipe down - Show clear desktop (hide windows)
3 finger swipe up - Resume desktop content (show windows)
3 finger swipe left - Task switcher / desktop switcher, then 2 fingers to choose task / desktop
News:
Microsoft Borrows Mac Trackpad Gestures
- TOUCH SCREEN GESTURES -
Swipe from the right - Charms menu
Swipe from the right slowly -
Swipe from the left - Switch applications / windows
Swipe from the left slowly - Snap window to screen position
Swipe from the left then back - Show currently running apps
Swipe down from the top (Applications) - Capture and move window
Swipe down from the top (Modern User Interface) - Settings menu