We all know it CAN be done, and arguably through several different means. The Master was revealed as ressurected by the Time Lords in "Utopia" and supposedly given a brand new body and regeneration cycle, and the Doctor barely batted an eye. The Master regenerated at least once in this new body (from Yana to Saxon, and possibly from his initial incarnation into Yana to disguise himself completely) and the process we witnessed looked pretty compliant with the new series standard. The real question shouldn't be IF it CAN be done, but HOW it WILL be done.
Mark
Mark