Won't be able to zoom in and out without it tearing up the picture a bit, but yes. Park your playnead on the frame you wan to freeze and type shift+n. A freeze shows up in the Viewer to edit into the sequence.
8-Core 3.0 Intel Mac Pro, Dual 2 gig G5, AJA Kona SD, AJA Kona 2, Huge Systems Array UL3D, AJA Io HD, 17" MBP, Matrox MXO2 with MAX - Cinema Displays I have a 22" that I paid 4k for still working. G4 with Kona SD card, and SCSI card.