Yes! OGo is a direct descendant of the SKYRiX 4.1 groupware server which is stable for years. So there will be some minor SKYRiX=>OGo conversion bugs, but the sources in itself can be considered stable.
Note: OGo currently only provides packages build nightly for a limited set of distributions (Debian and glibc 2.3 based RPMs). So if you are Linux beginner you might consider consulting your local Linux administrator, buy a SKYRiX distribution or just use the Knoppix for testing:
The simplest way to get something up quickly is to use the Knoppix CD which was contained in issue 08/2003 of the german 'Linux Magazin'. If you can't get your hands on this magazine, you can also download the ISO file from one of the ISO mirrors.