Project Chanology is pretty much a failure. Sure they got together and did some funny things, but scientology is still around. Dusty the cat was nice, but as I said, that is just one small thing amid tons of rubbish.
To say that 4chan is a way to do good is like saying that rolling dice is a good way to get the answer to an addition problem. Sure, you will occasionally get a good answer, but it would be much better to use a decent technique to get good results consistently.
I think 4chan gets too much credit for the few good things they do. They are like an application of the monkeys pounding away on typewriters theory. Eventually those monkeys might produce a few interesting words, but most of it is just going to be a mess. Likewise, 4chan may occasionally produce some good results, but in my mind any good they do is far outweighed by the bad.
Clearly, the term hacker is broad and holds connotations that vary from person to person. Personally, though, I don't view 4chan as a community of true hackers, just a community of clowns that occasionally does some good, but a lot of bad as well.