I'm assuming it would, just wanted to double check...

I don't use relate yet but I will be using MVC 5.0 in my blogserie "The ultimate EPiServer Windows Azure Website" (http://world.episerver.com/Blogs/Henrik-Fransas/Dates/2014/4/The-ultimate-EPiServer-Windows-Azure-website-part-1/) and the hardest part for me has been to migrate it up to Framework 4.5

But to your question, yes is should work

Hi Henrik!

What's the issues you have been having getting it up on 4.5? I've upgraded several Alloy sites without any issues but I'm interested if there are more issues in real live sites. The only issue I know of is that you need to install an VS upgrade to be able to target .NET 4.5 or 4.5.1 if you are still on VS 2012. With VS 2013, this seems to work automatically.

Linus, the issue I had was that the visual studio extension created a project with framwork 4.0 even that I had choosed framework 4.5 when I press create project. Because of that, I had to do some manual work to change the target framework to 4.5, like reinstall all the nuget package. If you read http://world.episerver.com/Blogs/Henrik-Fransas/Dates/2014/4/The-ultimate-EPiServer-Windows-Azure-website-part-1/ you can see more in detail.
After doing that it all work

Ok, thanks for the feedback. I have been trying to push an upgrade to .NET 4.5.1 for quite a while and we are actually coming our with a few add-ons in the near future that requires this to be installed. I hope we can upgrade pretty soon as I've also noticed that it's quite disturbing when you need to upgrade zillions of NUGET dependencies to get up to the latest and greatest.

Linus
I totaly agree. A little tip (sorry Mark for hijacking this thread) is that the extension didn't see that there were a upgrade last time, I had to do a manual uninstall / install to get the latest version.