Yes Dan, it can be made highly available by installing SSRS on both nodes and then pointing it at a database contained within the clustered drives.

George - thanks for the answer. I tried running the SQL Server setup program, but it failed during the validation phase saying that it detected it was part of a failover cluster and stopped wanting me to select a different instance. What I noticed during the early installation steps was a window to select the host server name and then an instance name within it. I could not type in the Node02 machine name in this box, it already listed the cluster name there and wouldn't let me change it to specify just the Node02 name. (Note: Node01 already has SSRS running on it but is pointed at the production SSRS database.)