Yes it should be. MSDN gives an example :
USE AdventureWorks;
GO
WITH DirectReports(EmployeeID, NewVacationHours, EmployeeLevel)
AS
(SELECT e.EmployeeID, e.VacationHours, 1
FROM HumanResources.Employee AS e
WHERE e.ManagerID = 12
UNION ALL
SELECT e.EmployeeID, e.VacationHours, EmployeeLevel + 1
FROM HumanResources.Employee as e
JOIN DirectReports AS d ON e.ManagerID = d.EmployeeID
)
UPDATE HumanResources.Employee
SET VacationHours = VacationHours * 1.25
FROM HumanResources.Employee AS e
JOIN DirectReports AS d ON e.EmployeeID = d.EmployeeID;
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