No, it will not. The UI Frameworks do not support the concept of a cursor (except for text entry, where it is a bit different than on a computer).
I've seen videos where there is a faint circle representing where the cursor is and then it 'touches' the screen.
shrug I just wasn't sure if that was part of the ipad itself (like maybe accessibility) or all from the simulator.
That's coming from the simulator, IIRC. Hold down the alt key and it will show up.