If you aren't interested in acquiring a third party software suite, then yes, as long as you are using roaming profiles. (Information on setting it up is here:
http://www.vistax64.com/tutorials/152658-user-account-default-logon-display-picture.html)
Third Party Software like Hyena (
http://www.systemtools.com/hyena/user.htm) and Dameware (
http://www.dameware.com/)
Have the ability to attach a User Photo to an Active Directory account, but I haven't used these utilities and cannot speak to their ability to do this in Windows 2008, or if the User Photo will show up as the Login photo for the user.