A:Answer Yes, it is. I have a 2011 Pilot EX-L and installed a more complicated version of this which works through my XM satellite radio via a modified harness - allows me to use the steering wheel controls, but the microphone is crap, so I can't use it for what I really bought it for (hands-free calling). Also involved removing the factory stereo - like I said - complicated.
This unit you could simply plug into the aux plug in the console compartment, and run the mic and control button back under the console up to your steering column - easier than it sounds, trust me. The only thing is you don't have steering wheel controls for the aux - but so what if the hands-free is working and the sound quality of calls is killer? And of course, you can still play music from your phone too.
Honestly, in hindsight, this is exactly what I would have done.