Not that i know of, you can use the cck to get the photos stored on the iphone. You need to plug the adapter into your ipad and from the usb a standard apple data cable is plugged into your iphone. Any photos on the iphone will be available to browse, copy etc on your ipad.
As far as im aware you cannot use the iphone camera and the ipad as a web cam and viewer unless you use something like justin tvs app which allows you to create a tv channel using your iphone camera and watch that channel on any device.
Hope this helps