My bike came stock with 50/34 11-32. I like it, I'm almost always in the big ring, but there are hills around here where that 1:1.1 ratio gearing keeps me from needing to walk (I'm thinking of one where there's a stop sign at the bottom that's like 20% for a short distance).
I don't see why not, especially when you've got 11 gears in the rear to play with. It didn't even shrink my penis.