Well, I'm apparently not the only one to suggest it

I just recently came across this article... While their research is far from conclusive, it does build on the existing evidence and the authors suggest that short, frequent temperature bursts do help acclimate corals.
It seems to be a pretty well thought out and controlled experiment. There are certainly some loose ends though.
The article is Oliver and Palumbi (2011) "Do fluctuating temperature environments elevate coral thermal tolerance?"
From is "Our work suggests an additional element may be a factor in the hardening of corals to high temperatures: high-frequency, low-duration (HFLD) heating."
Abstract
Do fluctuating temperature environments elevate coral thermal
tolerance?
T. A. Oliver • S. R. Palumbi
Received: 11 March 2010 / Accepted: 3 January 2011
Springer-Verlag 2011
Abstract In reef corals, much research has focused on the
capacity of corals to acclimatize and/or adapt to different
thermal environments, but the majority of work has focused
on distinctions in mean temperature. Across small spatial
scales, distinctions in daily temperature variation are common,
but the role of such environmental variation in setting
coral thermal tolerances has received little attention. Here,
we take advantage of back-reef pools in American Samoa
that differ in thermal variation to investigate the effects of
thermally fluctuating environments on coral thermal tolerance.
We experimentally heat-stressed Acropora hyacinthus
from a thermally moderate lagoon pool (temp range
26.5–33.3C) and from a more thermally variable pool that
naturally experiences 2–3 h high temperature events during
summer low tides (temp range 25.0–35C). We compared
mortality and photosystem II photochemical efficiency of
colony fragments exposed to ambient temperatures (median:
28.0C) or elevated temperatures (median: 31.5C). In the
heated treatment, moderate pool corals showed nearly 50%
mortality whether they hosted heat-sensitive (49.2 ± 6.5%
SE; C2) or heat-resistant (47.0 ± 11.2% SE; D) symbionts.
However, variable pool corals, all of which hosted heatresistant
symbionts, survived well, showing low mortalities
(16.6 ± 8.8% SE) statistically indistinguishable from controls
held at ambient temperatures (5.1–8.3 ± 3.3–8.3%
SE). Similarly, moderate pool corals hosting heat-sensitive
algae showed rapid rates of decline in algal photosystem II
photochemical efficiency in the elevated temperature treatment
(slope = -0.04 day-1 ± 0.007 SE); moderate pool
corals hosting heat-resistant algae showed intermediate
levels of decline (slope = -0.039 day-1 ± 0.007 SE); and
variable pool corals hosting heat-resistant algae showed the
least decline (slope = -0.028 day-1 ± 0.004 SE). High
gene flow among pools suggests that these differences
probably reflect coral acclimatization not local genetic
adaptation. Our results suggest that previous exposure to
an environmentally variable microhabitat adds substantially
to coral–algal thermal tolerance, beyond that provided by
heat-resistant symbionts alone.