[eluser]wiredesignz[/eluser]
Yes, the parser uses $this->load->view() first.
Code:
/**
* Parse a template
*
* Parses pseudo-variables contained in the specified template,
* replacing them with the data in the second param
*
* @access public
* @param string
* @param array
* @param bool
* @return string
*/
function parse($template, $data, $return = FALSE)
{
$CI =& get_instance();
$template = $CI->load->view($template, $data, TRUE);
...