yes of course you can!
First off, if you really want to customise it, you can create your own templates for the news.
Follow these simple instructions:
1) log in as admin and go to options
2) go to Create/Edit templates
3) create a new template, call it whatever you like. base it on the default template
4) once you have done that, go back and edit the Active News, by clicking the name. a text box will appear with the code used to display etc.
You can edit this as much as you like, you can re-write it, using classes specified in your own stylesheet that is linked to the page the news is being displyed in.
Once you have done all the editing etc, you can insert it into your page by using the intergration wizard which is also under the options page.
This is a typical piece of code that you could use:
PHP Code:
<?PHP
$number=5;
$template="test";
$only_active=TRUE;
include("pathofcutenews/thenewsfilehere.php");
?>
Any more questions, simply post here!