Yes, MR guided focused ultrasound is currently approved by the FDA in the US to treat uterine fibroids (which affect 20-30% of all women), and in clinical trials in the US to treat the pain caused by bone cancer (it's approved for use in Europe).
There's also several clinical trials for using the technology on treating prostate cancer, breast cancer, liver cancer, and many other forms of soft tissue tumors. There's also studies being done to use focused ultrasound to break up clots within the brain that can cause strokes.
Almost equally exciting, focused ultrasound can be used for targeted drug delivery. A desired pharmacological agent like a chemotherapy agent, antibiotics, or genes, can be encapsulated in a delivery medium (such as a lipid or a microbubble) and released into the blood stream. At the focal point of the ultrasound waves, the delivery medium can be 'burst', releasing the payload at ONLY that location which, again, is a target about the size of a grain of rice.
This can enable cancer treatments using chemotherapy agents that affect the tumor at just the location of the tumor, rather than effecting the entire body which can cause devastating side effects.
More information can be found at
http://www.fusfoundation.org/