it is and using just bolt on parts too.
my gti is running 150 Bhp with 140 ibs tourque.
spec is:
2.0 maf, throttle body and cams
k&n apollo cis induction kit
ashley 4-2-1 manifold (de-cat)
magnex catback
uni-chip
have a look on ebay for the ford parts. very easy to come by.
but to be honest with you. the money i spent getting to that mark could have been spent to put a 2.0 liter in. my next thing on the old "to do list"