Yea it does atleast after you roote your phone . Go to sdx developers. The got all the maens to understand what and how to root your phone and modify and add live wallpapers and boot logos and animations
you actually don't need to be rooted to install livewallpapers... however, you do need to have recovery or adb to push the files on. there are a couple of libs that weren't included on the phone that need to be pushed.