Yes. By default, teh mobile style removes image tags and replaces them with links to teh image. You can choose to remove the replacement variables from teh style and show all images or you could use a slighly diffferent IMG tag so it doesn;t get replaced. For example you can edit the header templates and put in images. However, when using the IMG tag, use in the format of:
HTML Code:
<img border="0" src="image.jpg" />