Aeromentor I, as a student, feel there are issues raised by your scheme that should be given due consideration (and you were wondering where the students were before). I do not believe that because these are issues that I personally believe should at least be considered by a person proposing such a scheme that this should be somehow linked with "GA mediocrity" - after all we are (as pilots) all taught to consider every eventuality aren't we? So I would not be at all happy if you tagged me with that label for raising it. The scenario cited by you is a very narrow view of the wide rang of litigation that might have potential to raise it's ugly head in the course of such a scheme.
In any case, it wasn't just the students I was referring to.
I think the idea has merit, I'm not saying "forget it", but I am saying "consider it".