Quite possible if you've done your work. I did that too. But the problem is to sustain that pagerank. I couldn't.
congratz you get PR 3 so fast , maybe you got quality backlinks @eyeonpanama : maybe next week, google would updating PR ? who knows , in past 3-4 months they're updating Google PR twice CIIMW
nice one there , just do some more work on that site , some on site seo and you will head up great on google