Yes, actually John Muller at Google said this is a wise thing to do.
First ask yourself is there really any benefit in your users going to any of those pages?
Duplicate content is not a major issue and can be wildly ignored but many blogs go over the top with tags etc.. Making Google's life harder when trying to make a decision on what content to show for results.
I personally went as far as removing the front end of wordpress completely and coded a very quick and simple version of the front end myself, so it still gets managed using the wordpress interface like a content management system.
Works a treat and the response from Google SERPS was great. Also reduces the amount of pages Google needs to crawl over and over to look for changes. This will see Google returning more frequently to the key pages looking for updates.