Certainly an interesting option - will be very interested how many people try going along this route. One tiny point - NPA 07-2008 is not law yet (though it has been at the final stage before that since about May).
Re Mickey Kaye - I think Flying club aircraft are not classed in the Commercial Air Transport section. If they were, they would have to be maintained by a Part 145 organisation. I think you could therefore do your own maintenance, with all the caveats/ limitations, so long as you owned the aircraft in question. Anyone agree?