Yes, and it often does. Why wouldn't it?
I guess my befuddlement over this question pretty much gives my opinion
Seriously, I've read a bunch of SF and F stories that are in first person. It's a particularly popular pov for urban or contemporary type settings, and for YA, but it crops up in adult secondary world fantasy (and in SF) too.
Ann Leckie's
Ancillary Justice is written in first person, and it swept the "big" SF/F awards last year. Scalzi's
Old Man's War is very popular, and it is in first person too.
Some recent fantasy titles that are in first person include books by Kate Elliot, NK Jemisin, Robin Hobb, Jones/Bennett, and Jay Lake.
Whether or not a reader likes any or all of these examples? That's a matter of taste, I think, not a statement of whether or not the approach works (or is marketable).
The problem with pet peeve threads is that they quickly devolve into lists of things that we
personally don't like, rather than things that are bad writing.