Theoretically yes.. But nearly impossible.
All the info we have is that EIS 2.0 pings gyroscope 200 times per second and then process every image to do the stabilization on Pixel so the first question is: Can snapdragon 810 actually handle that? It might but how long before it throttles and video becomes unusable?
Secondly snapdragon 820/821 have lots of updates/added components in image processing to boost camera performance and quality...
Pixel HDR+ doesnt even run on CPU but on HVX which a.f.a.i.k. we dont have. I will add the link if i can find the info for this as i saw it earlier today.
EDIT: Pixel HDR+
So whe might actually lack the hardware to do EIS 2.0 or HDR+ (pixel way). I certainly hope we dont but we probably are..
I read the full xda article on sony sensor. (It's on xda portal)
Yup, we cannot do HDR+ video without destroying the processor, but we can support actually the EIS 2.0, since there's no hardware requirement for that. You just need a gyroscope (which we have).
As for throttling, maybe we can't shoot a 4k 30fps full eis video, but the point here is getting better 1080p videos, not shaky as hell.
The build.prop i posted on OP seems to do something. But maybe it's placebo... I gotta wait someone like me tries it to actually say it does.