ms seem to think so Options for using Windows 11 with Mac® computers with Apple® M1®, M2™, and M3™ chips - Microsoft Support
and people post here who runs it apparently without too much problems
but suppose it depend on what one wish to do with windows, the windows 11 is the arm cpu based one so if you wish to run x86 apps then it use ms's wrapper their version of Rosetta 2 which at the end of the day is partially an emulation so performance may not be as quick as if it was under x86 windows. gaming will likely also not be ideal
as the emulator and doubt there would be much optimization for the 3d features of the m cpu