Yes it is. Just make sure the type you buy is made for LCDs and that they have low tack adhesive, for example, those made by Hoodman:
http://www.hoodmanusa.com/hoodskins.aspOf course, the best way to protect the LCD on the S2 is to reverse it. And when not using it, carry it in a camera bag or pouch.
Related reading - camera bagshttp://www.digicamhelp.com/camera-bags/index.htm