By Microsoft's own admission, it sounds like it:

> Windows 11 IoT Enterprise LTSC is built on the Windows 10 / 11 code base so it’s natively compatible with the software and solutions you use today.

https://www.microsoft.com/en-us/evalcenter/download-windows-...

I've not tried to use it specifically, which is why I'm curious.

Yes. The one place you may run into issues is with Microsoft-specific services, for example I'm not sure if Gamepass works.

But if you're just using Steam (or any other third party storefront) you won't have any problems at all.