No, Reason can't run VST. They've now allowed third-party developers in, but in a proprietory format called Rack Extensions.
[url="http://www.propellerheads.se/products/reason/index.cfm?fuseaction=get_article&article=rack-extensions"]http://www.propeller...rack-extensions[/url]
Ah, sorry, that's what bartelby was saying.