yes. So long as there is a link that the spider can follow to get to that URL, the search engine should be able to index it.
It's when you start to get to three or more parameters in a URL string that you start to run into trouble. Though even with three, if the site is well set-up, you may not have problems.
Google and other engines have tons of dynamic URLs in them, and they get better at spidering them all the time.
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