Yes, but he appears to be going back to a philosophy that has already failed the majority back in the 1950s - 1970s.
I am in favour of change. Don't get me wrong on this. I would like to see a system much closer to the one I went through in the early to mid-80s in Holland. I did not have to go through constant assessment after assessment. Assessments happened at fixed points in time, starting towards the end of my pre-A level year. All assessment was controlled assessment bar one or two items, so 90% of what I did was under exam conditions - exam length usually 2 hours but sometimes 3, especially towards the end of the final year.
Controlled assessment was set and marked by the school, with a system of spot checks and external moderation run by the state exam board (one exam board for all subjects, not one per exam subject, and not run for profit). On the whole the exams set by the school were much tougher than the central exam at the end of the year - that was deliberate, to toughen us up to the point where the real deal felt like a breeze.
The marks of all the controlled assessments for a subject were averaged (with some weighting for topics considered particularly key). This generated a mark. The central exam generated another mark. The two were then averaged, and that was the exam mark.
Resits were limited to one per term. Note: One per term, not one per term per subject. Final exam resits were also restricted. Across all subjects (usually 7, sometimes 8) you were allowed two minor fails *if you had a higher mark in two other subjects to average it out to a pass. Example: A 5 was a minor fail (marks were out of 10). You'd need a 7 elsewhere to make it up. For two fives you'd need either two 7s or one 8. You were allowed one 4, but needed a 9 to compensate for it. Anything more (either three 5s or a 4 and a 5) was a fail and you'd have to repeat the exam year. A 3 anywhere was an automatic complete fail.
The problem with this system is that the government needs to trust the schools and the teachers to teach and set exams and mark appropriately. However, this could be achieved because a school with a huge disparity in marks between its internal assessments and its central exam scores would show up, and parents would vote with their feet. (There are no catchments in Holland, real school choice is much better).
It worked. It was rigorous and testing. It certainly weeded out the best. However, and this is important, the system also provided very high quality vocational education which included workplace-based learning where the young person was also earning a wage. The vocational courses included compulsory essential maths, Dutch and English. It's this last component that I do not see in Michael Gove's plans, and that really worries me.