Communicating with Arduino Bluetooth

Hello, I have a quick question, on the Arduino Bluetooth, can apps for the Arduino send and receive commands over the RFCOMM/SPP Bluetooth profile? I was going for something that could make it so if a command is sent over RFCOMM/SPP from a Bluetooth device paired to the Arduino that a pin on the Arduino goes to high or low mode.

Would this be possible?

Thanks,
Aakash

EDIT: I guess this would also be asking if the Bluetooth chip is connected to the TX/RX pins of the Arduino's microcontroller.