Not without a whole lot of work.
It is definitely a waste of that hardware to put wincrap on it.
The one reason I would NOT contribute to running android on that device is that every one of those devices that HTC sells, some amount of your $$ gets sent to microshaft, so strictly from the perspective of "I absolutely will NEVER give ONE THIN DIME to those greedy evil bastards", I would ignore the hardware and not do anything that could potentially boost its sales.
Anyway, didn't mean for this to become a rant, but Google is no better than MS when it comes to attempting to control a market. Windows & Palm were first on the scene with smart phones and both of their operating systems have grown tremendously. I would even say that Apples iPhone OS would not be as intuitive today if it were not for MS and Palm.