In theory yes. They even played at Tonight Show together, but there is a huge “but”. See the video yourself:
http://www.youtube.com/watch?v=7aO3lmJZV_o
I guess if you had ever listen blink-182 before, you can pretty much tell in just a few seconds that Tom sounds and acts weird. People say that it is the sound when he was singing in Angels & Airwaves, his group after the breakup of blink-182 but I didn’t listen them too much so I don’t know. All I know is that this sound does not fit to blink-182… I wish the best luck to blink-182 with this reunion because I like their music very much.