Doesn't look like it.
PLATFORMS SUPPORTED
? Cisco network IDS/IPS Sensors-Cisco IDS Sensor Software 4.0 and 4.1; Cisco IPS Sensor Software 5.0 and 5.1
? Cisco switch IDS/IPS Sensors-IDSM 4.0, 4.1, and IPS 5.0, 5.1
? Cisco IDS/IPS Network Modules for Cisco Routers-Cisco IDS Sensor Software 4.1; Cisco IPS Sensor Software 5.0 and 5.1
? Cisco 1700, 2600, and 7200 series routers
? Cisco 3725 and 3745 multiservice access routers
? Cisco 2691 multiservice platforms
? Cisco IOS Software Release 12.3(8)T4 and higher, with inline IPS support
http://www.cisco.com/en/US/customer/products/ps6120/products_data_sheet0900aecd802930c5.html
What do you mean by "vlan pairing"?