Yes
It should work fine for FTA. You will need some sort of multi-switch for a DVB receiver to switch between H and V. Maybe others can help you with where to buy one. I would look into programming to see what satellite you might want to point it at. G10r has a lot of locals from around the country and IA5 has a great selection of foregin content depending on what you want to watch.
Look at some of the other threads on this forum to see whats up there and have fun with it.
Wholeshoe