Relationship field to another post type field?

When creating a new custom post type, and adding a new post, does WCK support field relationships where I can reference a field in another post type? For example:

• Post type “Books”: Title, author, description
• Post type “Authors”: Title (author), description

Every book has an author whose name is the title of the “authors” post type. When I add a new book, I’d like it to let me choose an author from the list available (or add new author).

When adding a new post, I should be able to reference any field in another post, which may be of any field type. I should also be able to select how that field is displayed (eg. Select list, radio buttons, checkboxes, etc).

The data from the selected referenced field should be displayed in the front end in the usual way.