The problem is that that's even more restrictive than the GSL, at least in terms of print products.
You seem to be confusing the licensing model with the license itself. We haven't talked about the terms of the license - we've only discussed how one might become licensed. So let's not make claims about how restrictive it is once you have it.
There's nothing inherently wrong with that system, but it gets away from the entire point of an open license - that it's open in the first place.
Open is a means, not an end. If there is nothing inherently wrong with the system, then it should be on the table to be considered.