Bottie - agree with you - sounds little like a recipe for disaster to me. I can see the principle of gaining groundspeed & airspeed more quickly, but even to drop 10 degrees of flap would suddenly create so much additional drag I'm not sure what the resultant aerodynamics would be like. Add to that any crosswind element and.....
It was certainly not something my instructors suggested to me. I would suggest that if you can't get airborne within the available TODA using the airframe recommended short-take off technique, then you're either too heavy, too high or too hot. Or you picked a bummer landing at that airfield in the first place....