Open Source Hardware designer and reverse engineering guru, Andrew "bunnie" Huang, needs help to make sure that the answer is 'Yes' to the above question:
http://www.bunniestudios.com/blog/?p=2164
I believe if you buy hardware, you should own it; and ownership means nothing less of full rights to do with it as you wish. If you believe in this too, please sign my letter to the Library of Congress in support of extended exemptions to the DMCA, enabling jailbreaks for more platforms.
(via Adafruit [http://www.adafruit.com/blog/2012/01/26/you-bought-it-but-do-you-own-it/])
Cheers,
Drew