It would appear so, as it is feeding back information regarding device unreachability etc. although not displaying CPU/memory usage. Should I need to configure these monitors manually?
See below the SNMP configuration on the Extreme device.
configure snmpv3 add community "*****" name "******" user "v1v2c_ro"
configure snmpv3 add community "******" name "******" user "v1v2c_rw"
configure snmpv3 add target-addr "traphost.public.212.219.42.17" param "traphost.public.212.219.42.17" ipaddress 212.219.42.17 transport-port 162 tag-list "TrapHost"
configure snmpv3 add target-params "traphost.public.212.219.42.17" user "public" mp-model snmpv2c sec-model snmpv2c sec-level authnopriv