Yes. Mothership Los Colinas, the Microsoft support team that backs up SBS located in Las Colinas, Texas that I call Mothership Texas confirms it as well.
The next question I get is “Will in break anything”. Per Nick who’s already run two test servers through the process, no. As always have a good backup.
Also Nick tried installing SP2 over the top of IE7 as the release notes say to uninstall IE7 first before installing SP2 and we/he wanted to check as to the issues that occur if you don’t. He didn’t see any issues in installing in this manner over the top but we’re checking to be sure.
If you installed Internet Explorer 7 after installing Windows Server
2003 SP1, you must uninstall Internet Explorer 7 before you install
Windows Server 2003 SP2.
And put http://blogs.technet.com/sbs in your favorites or better yet in your RSS feed. All SBSers, and all SBS consultants should read that blog.