Are delete, & update the only the only database modification methods in set?

Can I do something like compute a value from information in a record in a set 
and update a field in that set with that info?

For example, my records include a string field which stores a date string and I 
want to update a field with the datetime calculated from that string.

Set operations are so fast and rows, not nearly as. It would be awesome if I 
could do some of this stuff in the set.

Thanks!
-- 
Lorin Rivers
Mosasaur: Killer Technical Marketing <http://www.mosasaur.com>
<mailto:lriv...@mosasaur.com>
512/203.3198 (m)


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