Looking at the script, it doesn't create directories at all so it wasn't a good suggestion on my part.
It could be combined with the Recreate Empty Directory Structure button, so one creates the folders and the other creates the files, but that'd be quite a tedious process if it's something you do a lot. (Although if it is a fixed set of data, you only need to do it once to a template directory, and you can then copy the template dir each time you need a new version of it.)
I think you'll need some custom scripting to get exactly what you want in a single button.
[Update: The newer Paste Empty File List script can create directories.]