yes, something like this would do it, might not be the best though, you might wanna make a backup
$get_query = mysql_query("SELECT `any_field` FROM `your_table`");
$auto_increment_id = 1;
while($row = mysql_fetch_assoc($get_query))
{
$update_query = mysql_query("UPDATE `your_table` SET `auto_increment_id`=$auto_increment_id WHERE `any_field` = '".$row['any_field']."'");
$auto_increment_id++;
}
notice that the the any_field
you select must be the same when updating.