No. The example code can not be used directly to use EZI2C interface. It requires some modifications. For example, the input of pp.setprotocol should be changed to 4 (I2C protocol) according to http://www.cypress.com/file/136426/download .
You can refer the work flow of Python_Ex example(C:\Program Files (x86)\Cypress\Programmer\Examples\Protocols\I2C\Python_Ex) to modify the LabView code.