Sort of, but I had to add a few extra things, here is what worked...
displayname=Last Note linkedname= project namekey=view.relatedcolumn namekeyargkey.0=project namekeyargkey. 1 =lastNote namekeyargkey. 2 =noteText querysort= project: lastNote textmode=true usewidths=true valueexpression=IF(!ISBLANK( {project}. {lastNote}.{noteText}),CONCAT( {project}. {lastNote}.{noteText}," [", {project}. {lastNote}.{owner}.{name},", ", {project}. {lastNote}.{entryDate},"]"),"") valueformat=HTML width=200