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Chris - What about a form of this ONLY for webmaster sites where each member is reviewed. Users don't get to send their weight to random sites. Their weight is automatically given back to their webmaster-related site. It however could be spread among sub pages (articles).
If you started it, people would respect it at first. Code placement would not allowed to be buried in the footer or hidden anywhere.
It may not make you much money, but it would promote your growing web publishing network (i say network because you recently mentioned creating a webmaster directory).
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You know that is what DP's started out as.
But I don't really want to get into that type of thing.
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Ya it probably wouldn't work overall. It would probably still be frowned on by search engines. I wouldn't doubt if DP thought of this, and decided to go all out allowing any type of sites to make the best of it, however short lived it is.