Officially, the answer is no. However it might work anyway. It all depends on the features Microsoft added to the OS. I do not have the resources to test it out. It is important to remember since it is not officially supported you will be on your own if you run into technical problems.
You might be interested in LabVIEW RT which allows LabVIEW programs to be downloaded into controlers which operated independently. You can learn more at www.ni.com/upgrade
Jeremy Braden
National Instruments