Yup. I drill a bunch of little holes, then take a short length of rod, dab the end in glue, and stick it in the hole. I usually do about a dozen at a time. Then I use a piece of .015" strip as a height guide and cut off the rods with a sprue cutter.
The cut rivets end up looking rather rough, but the way I see it, the nicely rounded rivets are installed by grots using a rivet gun, and the rest are hammered in by hand by bored orks who just feel like hitting things.