It is indeed possible. Replication in MySQL is based on the binary log contents. A slave process passes the contents on to another MySQL agent which then applies it into the database. The package format used is independent of hardware and should work against any different version of MySQL on different platforms. So you could also have replication between Linux and Windows too.
Thank you very much for your suggestion Mr. Ronan.....now my confusion is clear..i will start implement replication into my production server and will give a try in my test system between linux and windows..thanks again..!!