Yes, and apparently you can take advantage of React's faster/smarter rendering (http://www.williambrownstreet.net/blog/2014/04/faster-angula...)

That said, I would be uncomfortable mixing something as opinionated as Angular with another framework that expects to "own" the DOM/rendering. My guess is that Angular will implement their own version of VDOM in the next few months since it shows demonstrably better performance.