Bonus features available to certain setups:
EZ-Flash V with a 3in1: Use of multi-rom mode for NOR and GBA
cheats (kernel 1.90 OB11 or below)
M3 Real/Zero with a M3 GEP: GBA
cheats and RTS
Read the sticky please, covers nearly EVERYTHING needed that ISN'T in the wiki.
Multi-ROM was removed after the kernel 1.90 OB11.
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If you got a EZ-V with a kernel higher than 1.90 0B11, The answer to the multi-ROM question is NO.
If you got a EZ-V with a kernel with 1.90 0B11 or lower, The answer to the multi-ROM question is YES.
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Muti-ROM support didn't show up until the 3in1+ showed up in DEC 2009. That means the answer at the time of the posting would have been a no at the time the OP posted this.