It does. I'm not sure where Rick sees the gray area. A landing is a landing and a touch & go counts as much an any other unless, of course, there is a reg that specifically tells us that there needs to be a full stop to count. And there are more than enough of those to tell us that the FAA isn't shy about telling us when it wants a full stop.

Personally I insist that my students do full stops at their solo cross country airports. But that's my rule not the FAA's.