Edit: Here's some more research which backs up why your conclusion may not be correct: http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3374478/ Granted it is probably too early in the research of this area to say your conclusions are wrong, just that the research is leaning that way
Professionally, I've learned my lesson and while I've had some moments of procrastination (especially for tasks that I have little to no motivation for), I tend to work more steadily than I did in those first few years of college and I rarely run up against a deadline (soft or hard).
However, I've worked with plenty of software developers who wait until the last perceived moment and work crazy hours to try to meet the deadline. I'm not sure what they would do if they didn't have that deadline. I suppose they would either get fired for lack of productivity or just be productive enough when nudged to keep their jobs.