Yes, it does. By law, every applicant for a non-immigrant visa (including B2) must prove to a U.S. consul that he has no intention to take residence in the U.S.; otherwise, the visa application has to be denied. Once you file an adjustment of status application, you have demonstrated the intent to immigrate into the U.S., and are no longer eligible for a non-immigrant visa. If you live the U.S., you will likely face an unpleasant situation at the airport on your return: an immigration officer will inform you that your visa is cancelled and you cannot enter the U.S. Eventually, after your attorney goes through the motions, USCIS will grant you (but can deny!) an entry on parole, but you will have several very tense hours, and might actually have to go back to your country and wait there for a consular processing. However, if your application packet will be prepared properly, you will receive an advance parole (i.e., a permission to travel abroad and re-enter the U.S. while your adjustment application is pending) in about 3 months from the date of filing.
Answered on Jan 10th, 2013 at 3:14 PM