Yup. As someone who primarily listens to music through the PC...it's a neat way of maintaining traditional radio listening. Though if I was serious I'd need to put up a real FM antenna. A dipole/doublet designed for the 40m ham band running through a tuner that's only designed to work up to 6m doesn't make for a very good antenna at 88 - 108 mhz.
I also forgot to mention...it's more involved, but you can listen to the SCA subcarriers on FM stations with this. You have to send a full-bandwidth demodulated FM baseband in to a second SDR program to further tune the subcarriers....but it does work.