Of cource. The first thing you make sure is MMU is supported by your platform. You can download skyeye testsuite. In the package, there is many examples that run linux,such as xscale.
Another tip .How to run linux of xscale on skyeye ,please refer to http://www.linuxfans.org/nuke/modules.php?name=Forums&file=viewtopic&t=132825