Yes but as Daid mentioned you need to upgrade your electronics board for the newer revised version, and I guess that electronics board will not be cheap.
Also I want to do this upgrade because my fan is making a annoying high pitched sound (I'm in the same room as my printer). During printing this is not so much a problem but when a printed object is cooling down it is some what annoying. I can shut off the printer but most of the time I want to run another print job and I'n not a big van of setting devices on, of, on, of all the time. The fan probably needs some lubrication or I can simply replace it, but I also want to experiment with some Arduino based microcontroller boards so I find this a nice project for that.
The idea is to program a Trinket microcontroller that reads the temp from a NTC thermistor and translates this into an appropriate fan speed or even completely shuts of the fan (when your not printing). And this will be much cheaper and more fun than replacing the main electronics board