Probably. The manual procedure was to download a zip file onto the root of the SD card, then reboot while holding the trackball in, which puts it in a recovery mode, then select some options to get it to install the upgrade. No reason you couldn't download the file and put it on the phone via USB. I'm sure there's a magic incantation to get the phone to automatically do all the recovery mode stuff, too.
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Bitt Faulk