Welcome to the forum. I hope you like it here.
To answer your question, yes, but I haven't got it to work with any pclos kernel. I have a custom-compiled 2.6.36 which works on my laptop (see my sig.) I need CONFIG_RADEON_KMS (if memory serves) which pclos doesn't compile, and later kernels with that option don't let X start. That's my experience. Yours might vary.
Of course, I can't get a working remaster with my custom kernel because it either isn't compatible with mylivecd or lacks a necessary patch. That's a nuisance, but otherwise everything works. (I haven't tested the webcam, so maybe I should say everything except, possibly, that.)