Yes, but with several asterisks. You still need to bootstrap the Asahi base onto the machine. None of this would be possible without m1n1, creating a dummy macOS base to build the rest of the installation upon, and a whole range of not yet upstreamed patches.

The intended path is to install either Asahi itself, or something like Fedora Asahi-remix. But with that said, nothing is technically stopping you from repackaging all their stuff, and installing something like Ubuntu or NixOS with an overlay