Yeah, it may be... depending on what your alternatives are. And vast majority of T14 kids can actually practice law if they have even an ounce of resourcefulness and determination imo. Even if they don't get the cush job that everyone signs up for... $60k and not even a chance of professional career v. $150k or so with a professional (T14) degree--I would choose the later, and I think most ppl would if it wasn't for the panic that gets promoted on this site (yes the legal market effing blows though).
I don't see the value in it being a "profession". Who cares? Being an engineer isn't a "profession", but I'd rather be a computer programmer making $80K than be in a "profession" making $60K in a job I didn't enjoy. The OP wasn't in law school because he wanted to be a lawyer, he was in it for the $160K job, and he knew he wasn't going to get the $160K job. Seems reasonable to drop out, then. TLS is actually a lot calmer than its peers (autoadmit, jdunderground, etc.) and downright optimistic in comparison.