But yep it just pulls the lat and lon from the EXIF data, so it should work fine. The standard for EXIF is degrees, minutes, seconds and then a separate "Ref" value for N or S.
I have to do a little math on those values to turn everything into a decimal format, but based on this standard I would assume everything saving location in EXIF data would use this same format so it should all be compatible:
http://www.exiv2.org/Exif2-2.PDF (See page 53 of the PDF under the heading GPSLatitude)
If you test it, let me know!