Indeed it is. :-D Looks like there's a tidbit of SDK code in the documentation that's already available. Not a lot, but still interesting nonetheless.
http://www.valve-erc.com/srcsdk/cons...r_console.html
(The code blocks look bad in Firefox, for now have to use IE too see them properly :-()
Edit: The page has since been updated and the code blocks look better in FF now.