[xyzzyz]

Not exactly the same, it offers slightly different trade-off between the benefits and the drawbacks. But yes, the idea is clearly not new or non-obvious. There are plenty arguments against doing that, and thank you for the references (I wasn't aware of the second one). Nevertheless, just because it has some (in fact, many) drawbacks, doesn't mean it's completely broken and useless, and that means that we shouldn't expect that something like this won't ever materialize.