You sure can! There's really only a few issues: (1) modules aren't rendered with anchors, so you'll have to add them; (2) you'll have to know the exact URL of the page (dynamic querystring parameters won't work); and, (3) tracking won't work. As long as you can live with those things, here ya go...

1. Go to module settings for target module
2. Expand Module Settings > Advanced Settings
3. Set Header property to <a name="SomeModuleIdentifier"></a>
4. Click Update
5. Copy the URL for the page you're on into your clipboard
   
6. Add a new link to your Links module
7. Paste the copied URL into the Link textbox
   
8. Append #SomeModuleIdentifier to the URL
9. Uncheck the Track Number Of Times This Link Is Clicked?
10. Click Update

That should do ya!

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Michael Flanakin | Microsoft Consulting Services
www.michaelflanakin.com

This was exactly what I was looking for too, but I can't seem to get it to work with a Dropdown list.  Does anyone else have that issue or know of a work-around?