Yes, with limitations. You can reference the DLL and run the application. However, design-time support (drag-drop from Toolbox) requires manual setup as described above.
Here is the accurate information to help you resolve your actual need. Download Microsoft Visual Basic Powerpacks Vs Version 10.0
For enterprises still running WinForms apps on Windows 10 or 11, here’s a proven strategy: Yes, with limitations
If the official Microsoft link no longer works: Download Microsoft Visual Basic Powerpacks Vs Version 10.0