Yes, I believe that having content, keyword relevant words in your url / file structure is important. However, just like most things, it can be overdone, so proceed with prudence.
Here's an example I recently gave in another thread that makes the point, I think:
"Garden Web Forums" search in Google - the #1 result you'll see has these words bolded in the Title, Description and URL structure showing that Google found it relevant.
Content is still king don't forget - but it can certainly be well complimented.
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W. R. Mineo
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