Oh, certainly. Actually, much of TPM was models (besides anything to do with gungans). Most people don't realize that.
Much of the podrace was CGI, but then again, much of it was models as well.

And almost every spaceship was a model, too. That's one reason I love many of the effects shots in TPM. They're the perfection of the Original Star Wars model shots. As real as they get, really. Then AotC came in, which ditched the models.

If somebody (cough, cough) Adywan (cough), could replace the obviously-CGI space ships and such in AotC and RotS with models, I think a great service would be done.