Yes, but instead of having a status register, you compare each item in one vector with each vector in another and get the results as a vector of booleans.
Then execute a SIMD instruction, where each component scalar operation is conditional according to each corresponding boolean.
Or, you could convert that vector of booleans into something else. For instance, you could count the number of leading 1's in the vector and store into a scalar, which would allow you implement operations such as strlen() or strcmp() with vectors.
(It is a bit like programming in APL, if you have tried it)
These types of operations have hitherto mostly been done by DSPs.
An architecture for general-purpose computing under development that would do this well is The Mill. Mind you, it is very interesting in other ways. There is a lot of stuff about it on the web site, and good talks about various features on Youtube.