I know that I NEED a project of some sort going all the time, I get really really twitchy and anxious if I don't, and I have acknowledged that this is a sort of coping mechanism which helps me continue to feel useful and like there is a reason to wake up while I'm unemployed without external things setting my schedule. I'm not sure if this is unhealthy avoidance of issues, or a reasonable thing to do to occupy time while looking for a job, possibly some of both, I know I can get wrapped up enough in projects that I neglect the job search... So I'd agree with you that it has the potential to be a bad choice, definitely something worth considering.