At her blog, Isis responds to a reader who sent her his CV which listed the funding he had applied for but did not receive. She likens it to listing all the people you've hit on, but turned you down — "It means nothing unless you seal the deal," Isis says. In her comments, PhysioProf points out that listing those items-in-progress, depending on the context, should actually be done. "If you are an assistant professor seeking reappointment for a second term as assistant professor, you will definitely want to list grant applications you have submitted, even if they haven't been funded," he writes.
DrdrA takes up the issue on her own blog, defending the practice. "Massive (heroic even) efforts to obtain funding for one's laboratory most definitely should be accounted for on one's CV, as should papers that are submitted," she writes, noting that submitting grants at a time when the funding line is at the 10th percentile takes up a lot of time.