[bartread]

I think this is an interesting idea, and sounds cool in principle, but the problem is that many users wouldn't know how to combine components together to get the tools/effects/instruments they want, or wouldn't want to bother to learn. The point being that all you might achieve with this approach is to substitute one type of complexity for another, and so you'd still alienate potential users. Maybe different potential users.

Depending on the market segment you're after that might be OK though.