Yes, that's my three year old folding laundry. He loves to help fold towels and washcloths and he is actually quite good at it. I always lavish him with praise at how good he did and let him know how much I appreciate his help. I get, in return, a huge hug and smile. I love it.
Do you have your little ones help out with chores? If not encourage them now to do what they can to help. The little ones actually enjoy it more than the older ones, and they will be less likely to argue with you about it. So encourage the little ones and always remember to smother them in praise as they help. It will also make them want to help again next time. Got to love sweet little helping hands. I know I do.