Kenny,
The safe answer is no, but, in principle it's possible to repair the mast. The problem is that if a mast fails when you're on the water, it can put you in a difficult and potentially dangerous position. I broke a mast on Lake Michigan in NW wind. A broken mast can shred your sail quite badly. Even if it doesn't you'll be left without any motor. I made it back in safely, thanks to help from Alan and Andrew, but in the process the waves smashed my board on the rocks. I managed to save the extension, base, boom and board, but the the broken mast and sail had to be jettisoned so that I could get to shore (somewhat) safely.
Similarly, a second hand boom broke unexpectedly and put me in another tough spot (not quite as bad, but still ruined my session and almost shredded my sail).
If you're sailing at a place like wolf lake, and don't mind taking a chance on shredding your sail, you could try to fix it. I'd be wiling to try and help fix it if you'd like. The danger is that you might get it to work for a while, and forget that, even though it seems fixed, it shouldn't be trusted.
A repaired mast could potentially be a good mast for ice sailing or skate-sailing where the gear gets abused anyway, and there's no danger or getting 'stuck'.
As recommended by Reid, skinny masts are pretty cool. Some Skinny masts can be mixed and matched (tops and bottoms) to accommodate a large array of sails with fewer masts. Check out the Ezzy website's 'mast configurator' for example. I got geared up with SDM when I started WS, but have switched to RDM as I extend my range to smaller sails. As Reid suggests, they are more resistant to cracking from boom clamps - just make sure to get a shim that PROPERLY fits your boom. If the pad of the boom doesn't sit flush against the shim over it's whole length, get a different shim or grind away the parts of the shim that interfere. If the boom pad doesn't sit flush, it can create super point loads on the mast, and highly leveraged loads on the boom head (snap!). Most people don't have an issue with this.