Unfortunately not, I just tried running the copy included with Windows XP SP1 on Windows 11βit relies on SheRemoveQuotesW which was removed from Shell32 in Windows Vista. (It doesn't seem to be able to use a copy of a Windows-XP-sourced shell32.dll from the working directory, either).
That's because Windows 11 only comes in 64-bit flavors and Program Manager as bundled with XP would be 32-bit. WoW64[1] can't bridge 64- and 32-bit binaries in the context of system components, such as the shell.
Try running that under 32-bit Windows 10, I never tried it myself but I have a feeling it should work.
