By - zSprawl
I don't see any reason why it wouldn't work. Also this device requires a neutral.
As long as you have a line, neutral, and two loads present in the box, that switch should work perfect. I have three of the ZEN30s deployed in various light + fan locations.
Are there 4 cables in that box
Looks line 2 on the alwase live and 2 on the switched side, though you have no good way on knowing which is witch.
While I would never just guess without verifying with a DMM, the red wire in the lower pair would be a fairly solid indication that those are the load wires.