You betcha. My group did an overnight at the base of the gully and climbed to the summit the next day. Doing the entire route from trailhead to trailhead in one day would be really add to the challenge.
"After the first glass, you see things as you wish they were. After the second, you see things as they are not. Finally, you see things as they really are, which is the most horrible thing in the world."
--Oscar Wilde on Absinthe