No, the "else feature" works the same as it always has, which is exactly as it should work.
PHP Code:
//#CLIENTSIDE
function onCreated()
{
temp.foo = "bar";
if (foo == "apple")
player.chat = "Apple!";
else if (foo == "bar")
player.chat = "FooBar!";
else
player.chat = "Whatever";
}
^The above would set your chat to "FooBar!"