The answer really depends on what you want. I have all my local towns with bike shops, which I cycle nearby stored in my 305 in case of emergency so I can call up the nearest to which I get a direction as the crow flies to maybe get my bike fixed. But I can also create a route on my Edge which will take me on a circuit of all or as many as I want in any order but once again its as the crow flies between the waypoints, which is probably Ok on a mountain bike in open country or in a desert, but for general road use not much good as you have to guess the road you might need and you could end up heading off anywhere following that road as the compass swings in the opposite direction. But this I find adequate for that rare possible emergency but not for touring, training etc
But for creating a course as opposed to a route on the edge 305 which is more detailed to follow roads it cannot be done.