We judge the content only. So if the content is a) stable and B) good enough to warrant a listing: Of course it can. But to be honest, most sites whre people asked a similiar question like yours did not have enough content to make it listable. Like a forum with only half a dozen postings, or a blog with 2 entries.
So my advice is: Finish building the site, including all of the content you want to buld up, and submit it afterwards.