Why wouldnt you be able to duplicate this image.  With the procedural editor for your materials you should not only be able to come close, but probably surpass the quality of what Bryce can do--depending on your understanding of the editor.  Fire will be a toughie to do, but all the others will definately be easy.  As far as lighting is concerned, it would be very easy.  Just use some area lights and dictate which spheres you want each light to influence and whether or not you want them to cast shadows.  You will definately want to choose a high rendering setting--it will definately be worth the time you have to wait.