Not really. Ever heard of Operation Gomorrah? The whole of UK Bomber Command went out one night with the objective of destroying the city of Hamburg; they succeeded in starting enormous firestorms, but only killed about 20,000 civilians (speaking of which...) of a population of several hundred thousand, lost a large number of bombers in the process, and didn't significantly degrade Hamburg's industrial and munitions output. (And I don't need to tell you that Goebbels had a field day with it. Much of the stubborn resistance of Germany, and of Japan -- especially towards the end of the war -- was the conviction that defeat meant annihilation, a conviction strongly reinforced by things like strategic bombing or, say, the Morgenthau Plan. Defeat _did_ mean annihilation for the war criminals at the top of the military hierarchies; but they would have had an awfully hard time keeping control had the populace not had reason to go along with them.)
The US strategic-bombing campaign, which focused on industries and raw materials where the UK was explicitly targeting civilians, was a more productive one; but even then, the main result of the US-UK emphasis on strategic bombers was to leave ground forces deprived of CAS -- which the Nazis and Soviets had in abundance, while the inventors of dive-bombing, the US military, had to use P-38s, P-47s and P-51s instead of having purpose-built tactical bombers.
In the end, wars are won best by beating the enemy, especially their infantry. Read the works of H. John Poole, a retired Marine gunnery sergeant (a very prestigious rank in the Corps), for more detail on this. (As to counterinsurgency, it's a solved problem if you know how to do it -- see David Galula's _Counterinsurgency Warfare: Theory and Practice_.
But the program discussed here sounds useful, but has some dangerous systemic biases. The US attitude towards civilian casualties (illustrated by a quote in Poole's Tactics of the Crescent Moon) is a disturbingly cavalier one; drones of this sort used for attack, with no weapon more precise than the Hellfire thermobaric missile, would further encourage that attitude. Drones as reconnaissance, though, would be great; it's hard to equip infantry with advanced imaging equipment and keep it in service, and you can often see things from above that are less obvious from ground level...