Yes.
One loop consisit of only the RAD so its:
res>pump>rad>res
The other loops consist of the blocks:
res>pump>cpu>nb>gpu>res
to ensure that the water doesn't stay in the loop, I'll simply place the end of the blocks loop near to pump of the rad loop, and vice-versa for the other loop. A devider will be placed in the reservoir to ensure that the hot water coming out of the blocks loops doesn't mix with the cold water coming out from the rad loop.
In this configuration, the setup becomes more like a series loop with 2 pumps.
res>pump#1>cpu>nb>gpu>res>pump#2>rad>res
I really don't know the advantages of having 2 loops as the only way to be certain that its effective or ineffective is to try it out. I will only be able to give this dualpump/dualloop config a spin sometime in early OCT as I'm waiting for my blocks to arrive