What would be the point? Why not just make a tarball of your project, if you want to send it to someone? Well, the idea is to have masters of songs licensed under Creative Commons licenses distributed either on physical media or on the net, suiting both the casual listener and the remixer, without the latter having to download them twice, and without the need for twice the storage on physical media (CD-R, DVD-R...). The original bit-depth and sample rate would be kept as well.
I understand that saving a project in this format every 5 minutes would be impractical (because of a relatively complex file structure, lossless encoding and whatever I'm not thinking about). Such a file format would serve only as a distribution format that would require authors to "export" their projects to, as a final step.
I have zero experience in either mastering or software development, but whether this is a good or bad idea, I'd like to know why? Insights from people in the know would be appreciated