No, it needs three operands. That's why they're called ternary operators.
However, for what you have as your example, you can do this:
if(condition) x = true;
Although it's safer to have braces if you need to add more than one statement in the future:
if(condition) { x = true; }
Edit: Now that you mention the actual code in which your question applies to:
if(!defaults.slideshowWidth)
{ defaults.slideshowWidth = obj.find('img').width()+'px'; }