Yes. Only problem is they mostly generate with horrible physical stats, and the game seems to rarely (if ever) generate characters that have high levels of technical ability at a young age (ala Bojan/Kroos/Rooney to name a few).
This leads to the problems that a) the first few batches of regens will always be outclassed by pre-existing wonderkids due to their low physical, a problem which exists for the first 10-15 years of the game and b) starting with low technical stats makes them fairly unlikely to ever reach full potential. This is especially true in countries outside of Europe and South America (the USA tends to generate a lot of extremely high PA players who'll never be
prem quality because development in the USA is rubbish).
There's a good post about it in the bugs forum, I think.
A team for the future 
Linear Mode
