if u chose WPA+TKIP u will have a 63 characters key :P looks ugly like this PK<x^z<R.t|oR`}Z*Hv<-/KJ2sc!dax;t'eHm1B43i~p^+$/L [this is 3/4 of my WPA key] so u have to save it in a notepad file,cannot be inputed into all phones, WEP keys are simpler and easier.
to answer ur question , yes