Yes indeed.
Expanding on this idea, I see activation codes similar in function to gift cards. Because Safecoin only exists on the SAFE Network, the gift card or “Gift Code” feature allows people to proxy send Safecoin outside of the Network. Of course the recipient will have to setup a SAFE account to redeem their Safecoin, just like certain gift cards have to be redeemed at certain stores.
This feature could be incredibly powerful for Internet migration and mass adoption. I really hope this will be developed in TestNet3 or Beta release.