If I understand your problem correctly, and you are setting your project up as a 'stereo' project, the answer is Yes.
just copy the the captured sound track (left) to the 'other' track (right)
The video will then correctly utilize both of your stereo speakers.
My System Specs:
Cameras: 2 x Canon XL1s
Computer: Dual Intel Xeon 2.8Ghz processors (hyperthreaded) - Intel SE7505VB2 mother board - 2 Gb PC2100 RAM kingston -Adaptec FireConnect 4300 -2xseagate 10K scsi hdd 150G ea -2xseagate 7200 ide hdd 200G ea - Plextor PX-708A DVD burner - ATi Raedon 9800Pro video with Dual SUN 21\" monitors - Sound Blaster Platinum live!
Software: Windows XP Pro with SP2 - Pyro Pro (adobe\'s premier pro, encore DVD, and audition bundle)