No, this is not true.
You can just try to plug some x near 0, in Degree Mode, and you can see the different.
In fact, the reason for d/dx(sin(x)) (x in degrees) does not equal cos(x) is because of this limit. This limit is different when x is in different modes.
Since we have:
[tex]\lim_{x \rightarrow 0} \frac{\sin x}{x} = 1[/tex] where x is in radians.
So, to find the limit:
[tex]\lim_{x \rightarrow 0} \frac{\sin x}{x}[/tex], where x is in degrees, we have to change it back to radians. The difference when changing from degrees to radians only lies in the numerator, since [tex]\sin(x_0 \mbox{ [in Rad]} ) \neq \sin(x_0 \mbox{ [in Deg]})[/tex]
So:
[tex]\lim_{x \rightarrow 0} \frac{\sin x}{x} = \lim_{x \rightarrow 0} \frac{\sin \frac{\pi}{180} x}{x}[/tex]
[tex]= \lim_{x \rightarrow 0} \frac{\sin \frac{\pi}{180} x}{\frac{\pi}{180}x} \times \frac{\pi}{180} = \frac{\pi}{180}[/tex].