I would only do that if you don't put on your application you will be getting a degree at a certain time. Otherwise, it seems a little fraudulent to state you anticipate a degree in May 2009, when you knowingly won't have it. It is like saying you will have volunteer/work experience that starts at a later date on a job application, but you won't actually take part in it if you got the job early. I wouldn't take that route. Just be honest with your plans on your application, if you state you will have a degree, try to follow through with it.