It should.
Table 4. Cisco 1941 with Cisco IOS Software Feature and Protocol High-Level Support
Protocols | IPv4, IPv6, static routes, Open Shortest Path First (OSPF), Enhanced IGRP (EIGRP), Border Gateway Protocol (BGP), BGP Router Reflector, Intermediate System-to-Intermediate System (IS-IS), Multicast Internet Group Management Protocol (IGMPv3) Protocol Independent Multicast sparse mode (PIM SM), PIM Source Specific Multicast (SSM), Distance Vector Multicast Routing Protocol (DVMRP), IPSec, Generic Routing Encapsulation (GRE), Bi-Directional Forwarding Detection (BVD), IPv4-to-IPv6 Multicast, MPLS, L2TPv3, 802.1ag, 802.3ah, L2 and L3 VPN |
Encapsulations | Ethernet, 802.1q VLAN, Point-to-Point Protocol (PPP), Multilink Point-to-Point Protocol (MLPPP), Frame Relay, Multilink Frame Relay (MLFR) (FR.15 and FR.16), High-Level Data Link Control (HDLC), Serial (RS-232, RS-449, X.21, V.35, and EIA-530), Point-to-Point Protocol over Ethernet (PPPoE), and ATM |
Traffic management | QoS, Class-Based Weighted Fair Queuing (CBWFQ), Weighted Random Early Detection (WRED), Hierarchical QoS, Policy-Based Routing (PBR), Performance Routing (PfR), and Network-Based Advanced Routing (NBAR) |
Note: For a more comprehensive list of features supported in Cisco IOS software refer to the Feature Navigator tool at:http://www.cisco.com/go/fn.
Reference:
http://www.cisco.com/en/US/prod/collateral/routers/ps10538/data_sheet_c78_556319.html
HTH.
Ian