Looks like it
I just downloaded 18 (I have a subscription service so get it as an update) and indeed Windows 11 is there and you're able to download Home, Pro or Enterprise editions right from the interface.
Parallels are well known for having a good relationship with Apple and Microsoft so it's quite likely they've been able to do something with MS to enable a simpler install process. Or, perhaps that exclusivity agreement MS had with Qualcomm has expired (it was rumoured to do so at some point "soon").
Biting the hand that feeds IT
