I would definitely try it, but mostly for the experience. That isn't really going to get you anywhere in terms of recognition, conceivably. It's mostly something you would force your family and friends to watch, as it's hard to distribute.
Probably the most important thing to always keep in mind is to make it interesting. That may sound obvious, but you'd be surprised. The bane of student films are films that just drag on.
If you want to make this because you have had an idea for a feature film that is really good, I would suggest making it as best you can as a short. If people like, maybe then you can go to a feature length
This guy is pretty stupid.