I've been looking online and at my registry and I think not, but it would be nice if we could get a definitive answer on here.
Just the run time, as in for re-use on the client side.
I see it is possible for VC10, http://blogs.msdn.com/b/astebner/archive/2010/05/05/10008146.aspx, but prior to that we need to call the MsiQueryProductState API. Perhaps just give all the clients MSVCR100.DLL already?