Well that depends on some other factors as well like your instruments, your hardware and most importantly your own skill but yes... Sonar is a professional DAW.
You also have to consider the different packages. X3 (the base version) doesn't come with nearly as much stuff as Producer or Studio BUT does have everything you NEED (like instruments and effects). It just may be a little harder to get the results you want and you may be a little more limited creatively. Still people have been recording pro albums on FAR less for many many years.
With the higher end packages you get duplicate, triplicate and sometimes MORE variants on specific plug ins and instruments giving you much more flexibility. You also get the ProChannel with those versions which makes mixing much easier (IMO) and the PC effects are very very nice considering the low cost.
Thing is you have to learn how and when to use them. X3 can do pretty much most anything in regards to audio production. Getting it to actually DO those things is the hard part but really no harder than any other DAW.
hmm... I'd say welcome to the forum but it seems you've been here for quite a while. Seems like an odd question considering that fact. :-/