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so i guess the answer is: yes, you can track a mobile site if it can and wants to be be tracked.
ok, one more question...
Given the hundreds of browser versions in the current user base, I don't think you can get an answer to that question. Well, you would -no doubt- track some users using the G Analytics code, but the data would be meaningless: you would have no idea what percent of the real audience the log numbers represented.
Give it a couple more years (maybe less) before expecting too much from log tracking.