No.

God cannot create a stone which He cannot lift.

This is not a problem however, since this is just to say that if God can create a stone then He can lift it.

See C. Wade Savage's Article, "The Paradox of the Stone" in The Philosophical Review 76 number 1 (1967): 74-79.

Savage makes this argument in detail.

He concludes by saying:

"[ . . . ]God's inablility to create a stone which He cannot lift is nothing more or less than a necessary consequence of two facets of His omnipotence. For is God is omnipotent, then He can create stones of any poundage and lift stones in any poundage. And "God can create stones of any poundage, and God can lift stones of any poundage" entails "God cannont create a stone which He cannot lift."

If anyone would like to view a copy of the article and don't have access to old copies of The Philosophical Review, just U2U me.

Hope this helps.

__________________
^Brian Lanier^
OPC
Philosophy, SFSU
Main Area of Interest: Religious Epistemology