Yes. You have to drive the pin out of the bottom of the shaft to remove the gear. With that completed, you can lift the shaft and rotor out of the base. The coil is then accessible. Sometimes varnish buildup on the shaft will give some resistance to pulling it out, but I found that some PB Blaster sprayed into the bottom and a little up and down motion on the shaft will usually dissolve it in short order.
If you've never removed a distributor, I find it much easier on a manual equipped engine than an automatic. The reason is that with a manual you can put the trans in 3rd or 4th gear and rock the car to turn the distributor.
I rock the car until the pickup points on the distributor are perfectly aligned. I then mark them with a Sharpee pen so I know which two must be aligned upon replacement. It makes it very easy to get it back into time without the need for a timing light.
[This message has been edited by fierofool (edited 11-28-2014).]