Yes absolutely! (Edit: or maybe not :-) see sibling comment for more info)
Actually, the "Waver" youtube video linked at the top of the README has an embedded ultrasound transmission at around 0:36. I can for example decode the message on my iPhone by simply running the Waver app and playing the video on my PC.
Some people have already done some work for AV sync in the issues of the project [0].