I think that's like putting a lot of targets in front of you and then firing without aiming. Sure, you'll hit something quite often, but that's not that intelligent.
In all seriousness, I think it probably -is- wise to eliminate the procrastination before I go from "intern extraordinaire" to "fully functional productive member of society" but it's just a tough habit to break. I've also found that it's not as bad when there's some passion behind the project. I know that's a pretty obvious observation, but it supports the "do what you love" folks.