It doesn't necessarily make sense when you have a team working on different things, front-end devs working on the templates and back-end devs working on services, etc.

Furthermore most likely you will be sharing many partial templates or widgets between different views and sections in your app. So those have to go in some sort of common views folder, losing much of your grouping.

I wouldn't say either way is right or wrong, it just depends on your workflow, size of the app and size of the team working on it.