Steve Jobs Broke Every Leadership Rule. Don't Try It Yourself.
forbes.com
forbes.com
Most workplaces aren't looking to change the world. As such the employees aren't willing to put up with the same exacting standards. So acting like Steve Jobs in such a company wouldn't work.
But the reason Apple works is because the employees believe in a higher cause. They believe in making the computing experience better and are willing to take abuse to achieve that. Because they realize the abuse has a purpose. Look at the MobileMe example given in the article. Jobs didn't say "I hate you" or "you're fired" he said "YOU should hate each other for having let each other down"
So the question of "Should you act like Steve Jobs?" is answered like this. If your employees share a common purpose they feel passionately about then the Jobs model is the right one.
Otherwise, the saying comes to mind "In Theory, Theory and Practice are the same. In Practice, they are not."