Yep. If you're doing something that draws a lot of power (watching DVDs, etc), it might draw off the battery a little bit, because the new adapters that come with the 17" (and sold seperately) are 65W, instead of 55W. But, I'm using an old 55W adapter with no problems. I watched some DVDs one right after another, and plugged in an adapter, and it charged the battery, although VERY slowly. It gained about 10% an hour.
So, it might not charge as fast, but it will work and won't cause damage, either to the PowerBook or to the adapter.