Yes, it is possible (given your tablet has a USB port) to use your NTFS USB Drive on an Honeycomb Tablet.
The app is now called Drive Mount (former NTFS Mount) and is available on the Market. It not only allows you to mount and unmount your NTFS Drive but also is useful if your FAT32 USB Stick is for whatever reason not recognized by your tablet, it can (not always though) solve the problem.
Some custom Roms are even integrating this app (which used to be free btw) in their features.
again, I thought I'd try to contribute with a non-theoritical subject, for those of us who not only blabber about one but really own an android device, and who do not happen to think that "theirs is the biggest". (it never is......

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