Yes, you can but then if you have any older software in your system (for company reasons) will not play ball. And it is a workaround, not a permanent solution. Because we still do not have that fabled WinFS so...
Eh, NTFS supported long paths since forever, the problem is with applications using Win32 APIs that are limited to MAX_PATH (260 characters) path length.
There won't be a permanent solution unless all Windows applications start using NT path formatting - which won't happen.
There won't be a permanent solution unless all Windows applications start using NT path formatting - which won't happen.