Yes, it is possible. I tested this myself in Outlook 2010.
Create a new rule for when a message arrives.
Under the Step 1 on the conditions page, select uses the form name form
Under Step 2 on the conditions page, click form name
Choose Application Forms rather than Personal Forms, and then choose the forms that apply.
Definitely select the Meeting Request form, and you also may wish to consider:
Accept Meeting Response
Appointment
Decline Meeting Response
Meeting Cancellation
Tentative Meeting Response
On the next page of the wizard, select move it to the specified folder, and in Step 2, choose the folder.
Finish the wizard
