Indeed they do, even though they might come in a different form. Whereas a photo album once meant a book full of crusting and yellowing old photos in a fairly regular and routine structure, they are now capable of more with even less effort. Instead of creating one from scratch, many instead opt to use an online service through which you can upload a bunch of photographs and with relatively little effort produce a fully-functioning photo album. The degrees of customization will vary depending on the service you use, though there are many that are fully customizable and offer plenty of opportunities for the involvement of the user.