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Yes, and if I remember correctly from whatever presentation there was in my physics class last year, think of a masses photon, and it spins on an axis that it is moving. A line sticking out of the photon at an angle is the effect of the changing electric/magnetic changes. And if you remember good old kinematics like rotational motion! you remember that a spinning object when seen parallel to the axis of roation, is a SINE WAVE.
As for polarization, because the wave is actually spinning when it enters your polarized lenses: the lenses are design with a film that lets in only the "horizontal" part of the light. This is useful for making three-d goggles, one lense lets in one bit of light, the other lets in the other, and Wha-La! You have three dimensional illusions because your eyes are crossing towards the wrong point.
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