No, heres why:
An MP3 or AAC or any song format can not be more than 32 letters, I believe. So if you have a song like, "I wrote this in 1989. I sang it with my best friend. Well, was my best friend. Now shes a loser. Anyway I sang it and wrote it and I forgot what its called but you know its called something..." is too long.
Also, iTunes can not display the full song title in the time allocated for it.
And the iPod will not be able to either.
Shorten the song or change like You to U and too, two, or to to 2