No, the SGX 544 in the omap 5 does not support OpenGL3.3, it's limited to OpenGL|ES 2 (it can't do OpenGL|ES 3 either, which is pretty much the subset of OpenGL 3.3 that people actually use, OpenGL|ES 2 is more like OpenGL 2.1 w/backwards compatibility removed)
It depends on which parts of OpenGL3.3 is actually uses to see if a port is feasible.
EDIT:
A quick look suggests that it makes heavy use of integer shifting/masking in the shaders, which is not supported on SGX544 as an extension, so will likely require an OpenGL|ES 3 compatible GPU to run.