Yeah. Today they can.
As Alex Tabarrok says at Marginal Revolution, Acrobatic Quadrocopters, image a micro-drone, specifically a quadrocopter, that can balance a pole, toss it in the air, and have another micro-drone catch the pole in the air.
Check out this video:
[youtube=http://www.youtube.com/watch?feature=player_embedded&v=pp89tTDxXuI#t=17s]
link: http://www.youtube.com/watch?feature=player_embedded&v=pp89tTDxXuI#t=17s
The catching ‘copter recalculates the exact position to make the catch 50 times a second. It positions itself at the exact point so the pole will balance and right itself.
Here’s the question – how long do you think it will be until you can go to your local hobby story and buy one of these for under $200?