I haven't played with FCE any; I have FCP myself.
Certainly, Final Cut in all its incarnations can import pictures. This is a lot like setting the Ken Burns Effect to have no zoom or pan. However, FCE is not likely to have a specific "Ken Burns Effect", per se; you will have to recreate the effect you want manually. This is not hard, but you'll have to do it yourself.
By the way, I wonder how Ken Burns feels about his name being used like this...