I'd give it a big yes especially if it's Pandora One with its 192 kbps vs 128 w/ads (every little "bit" helps). I've been streaming PO that way for over a year and been pleased with the sound.
I'm using a Cambridge iD100 to my favorite DAC and, in another system, an Arcam drDock which has its own DAC built in it for a simpler hookup. Both excellent and would guess the Wadia would be also.