I don't believe so, but I could be wrong.
However, it is possible to pair a Bluetooth keyboard to the ATV, which goes a long way towards freeing oneself from the horrible remote. I have an old Apple wireless keyboard that is dedicated to the ATV, and use it 99% of the time. The arrow keys handle navigation left/right/up/down, the return key selects, the escape key goes back, and the space key pauses/plays. Number and letter keys work, too, of course, for searching etc.