Well .. since you guys were no help, I actually had to read the help file ... UGGGGHHHHHH ....
Anyway, Microstation does have xdata, just like AutoCAD, except it must be implemented a little bit differently... something akin to dictionaries/xrecords are also available, something called an ApplicationElement and DataBlock working together to place information in a drawing ... so yes it is available, but somewhat of a pain to manage ... I'll manage though ..