As far I remeber you are right, compound literals are lvalues*, you can also take pointer of such literal (which points to its first element):
int *p = (int []){1, 2, 3};
*p = 5; /* modified first element */
It is also possible to apply const qualifier on such compound literal, so elements are read-only:
const int *p = (const int []){1, 2, 3};
*p = 5; /* wrong, violation of `const` qualifier */
*Note this not means it's automatically modifiable lvalue (so it can used as left operand for assignment operator) since it has array type and refering to C99 draft 6.3.2.1 Lvalues, arrays, and function designators:
A modifiable lvalue is an lvalue that does not have array type, [...]
