yes but its just point data, so unless you write a script that does something with it so that it has volume in terms of faces it will be useless. Like adding spheres to each point, merge it into a mesh and then use a retopo script to rebuild the mesh into a clean 3d mesh.
there is a blender script available: http://www.blendernation.com/2010/11/26/microsoft-kinect-in-blender-realtime-point-cloud-demonstration/ [ame] http://www.youtube.com/watch?v=yZSXXFwsyhc&feature=player_embedded[/ame] download links can be found here: https://github.com/geckoslayer/blenderkinect/blob/master/ another…
that blender script looks good. I have never used blender but i'm guessing I could output that data into max. A couple of good static shots could be stitched together to get some really good reference material.