Yes, it is possible. If you like to have a preview in your form use PictureBox control and display selected picture there. In order to insert it to drawing use SketchManager::InsertSketchPicture. To get the location use either SelectionMgr::GetSelectionPoint2 or mouse click events.
Application Engineer at Intercad
Tel: +61 2 9454 4444
Thank you Artem.