Yes. This is how you setup SSRS (NLB) on a clustered server. Though SSRS does not use IIS it is a sample of a webby app that is NLB. Sharepoint also has the same ability.
Though I would be careful about using a SQL Cluster to support an application NLB.
Jason...AKA CirqueDeSQLeil
_______________________________________________
I have given a name to my pain...MCM SQL Server, MVP
SQL RNNR
Posting Performance Based Questions - Gail Shaw[/url]
Learn Extended Events