As Barack Obama says, yes we can.

I have iDeneb 1.6 lite edition (OS X 10.5.6 Leopard) installed on my external hard drive. But, you need something to boot from, as OS X doesn't have a bootloader integrated...

So create a 100Mb partition, format it to HFS+, and install Chameleon on it. Then it will load Chameleon, and you can boot OS X or Windows. OS X partition is selected by default. So, if you wait 5 seconds (the default time to boot automatically) it boots OS X.

Good luck with your Hackintosh!