Can t3_blank template folder be renamed and still be able to be upgraded?

Let's say someone created a template to sell using the T3 Framework. Could they:

1) Change the template folder name from t3_blank to some other name as well as all references to t3_blank in the templateDetails.xml file.

If they did that...

2) Would the T3 framework upgrade using the new template folder name when new releases become available.

If it's possible to do, are there any other name changes that need to be made.


Regards,
robjen