Yep, I've done it a few times.
When Halo 2 came out, some friends and I who, at the time were obsessed with Halo, went to the midnight release then took the day off to play it together.
When World of WarCraft: Burning Crusade came out I skipped a single class because I underestimated how many copies the local stores would have and overestimated how fast they'd sell.
When Fallout 3 came out my roommate and I, both huge Fallout fans, took the day off from our classes.
When Deus Ex: Human Revolution came out, I took the day after its release off from work to play it. That day also happened to be my birthday, so there was that too.