Yes, but very few rushing QB's translate well in the NFL. Its a type of player better suited to college ball. Look at Vick, up until last year he was a mediocre quarterback at best, he just was fast. Last year he was good, this year hes getting destroyed out there (albeit not entirely his fault). Even after his repairs, I still think Tebows mechanics are pretty poor.
Plus something about that dude just rubs me the wrong way, but thats personal hate, and unrelated to my suspicion that he wont succeed in Denver, or anywhere.