As a cluster, yes. I have a STe-oil cooled x4 pi cluster that works splendidly up to 60fps w/ 1 TB shared storage.
I have a lot of non-standard configurations. But for the rest of the threads sake, it works up to 29 FPS, as long as you aren't pushing a heavy overclock or doing mods.
I edited the value to accomidate this above.
For your info, though.
The furthest I have been able to push a pi with an adafruit certified-rPi 5.25v 2.5a adapter with an ambient temperature of near 68 degrees ferenheit with an aluminam heatsink and Arctic Silver thermal compound with a forced air 120mm Antek fan mounted inside of a display case with a 6x5x5 surface area, was a clock of 1375 mhtz, 500 mhtz RAM clock.
The STe tech oil mod with an XSPC Ion and a bitspower raidator and a push/pull x2 Corsair 120mm fan with a surface area of 10x10x10 inches of oil in an ambient temperate of 68 degrees farenheit will net you a steady 1425 mhtz before you begin the overheat cycle and the yellow lightning bolt warning.
Sorry to be so specific. But in overclocking, there are way too many variables. A few being the cubic surface area of your enclosure, ambient temperatures, and fan speed and efficiency...
There's countless arguments on the Overclocking forums which variables count. I just specify as many as humanly possible.