No, the current version of the software is not developed to run on Windows 10 operating systems. According to the developer's information, you can install the application on systems from Windows XP to Windows 8. However, that doesn't mean you can't install it to test the application.
Just make sure to download the latest version from developer's website. Additionally, install it using Run as Administrator because it needs permissions to copy the files on the system partition.
Download page: http://ultimatejukebox.murphnet.net/download.htm