My quick test below shows that the answer to your question is "No".
>>> for x in arcpy.SearchCursor(r"C:\polygeo\ArcTutor\Editing\Zion.gdb\Roads"):
... print x[0]
...
Runtime error
Traceback (most recent call last):
File "<string>", line 2, in <module>
TypeError: 'Row' object does not support indexing
However, if you are using ArcGIS for Desktop 10.1 or 10.2 then arcpy.da.SearchCursor provides the functionality that you seek.
>>> for x in arcpy.da.SearchCursor(r"C:\polygeo\ArcTutor\Editing\Zion.gdb\Roads","*"):
... print x[0]
...
172
173
174
175