Yes it does work, but the install is a bit tricky.
Here's the procedure from http://kodi.wiki/view/WeTek_Play
3.2.3 Linux Kodi and OpenELEC installation to NAND Flash
In case that You want to have only Linux Kodi or OpenELEC in WeTek Play, you can install it directly to NAND Flash. Procedure is same as installing or updating Android with .zip file
Download WeTek OpenELEC / Kodi NAND install package from http://update.wetekos.com:8080/download/OpenELEC/NAND/
Specifically Download the .arm-5.0.8.zip
> Download .zip for NAND installation
> Extract downloaded .zip archive
> Copy 3 files: recovery.img , .zip and .aml file to microSD card
> Power off WeTek Play, insert microSD card in device, push UPGRADE button which is located at bottom of device (you can use provided WeTek upgrade toothpick to insert it in hole and to push button), Power ON WeTek Play and keep pressed UPGRADE button for 7 seconds, then release it and update process should start.
> After installation is done, WeTek Play will automatically reboot and it will boot directly on OpenELEC with Kodi 14.1
After you download the NAND .zip you first must unzip it. Then put the 3 files you get (one of them is a .zip file, but that's one of the 3 files you have to put on the SD chip) onto an SD chip. My SD chip is Fat32 formatted. Connect the Lighthouse to a TV with an HDMI cable so you can see the processes.
Put the micro SD into the Lighthouse while powered off. Then push the Lighthouse upgrade button on the bottom before you connect the power again. You have to hold the Upgrade button pushed in while applying power. Hold the updgrade button in until ANDY the Android appears (about 25 seconds not the 7 seconds the install instructions call for) then release.
Remove the SD chip and restart the Lighthouse. It now will run as OpenELEC Kodi Helix application. After this, you have to go thru the normal Kodi addon process to make Kodi work. Check the internet for easy instructions, but I can give you a few pointers. Ken