Interesting concept. Would definitely lead to a lot of action, in addition to a lot of leg swatting and other "pretend" attacks. I'd like to see it tried in some exhibitions or smaller tournaments and see how it works.

As a side note, I wrestled (fs and greco) in South Africa for a bit. They gave out very liberal cautions for stalling (or "negative wrestling, as they called it). As a competitor who wasn't used to it, it was brutal, especially in greco. "What do you mean caution? I just threw the guy". (They also gave points for slip throws). As a fan- at the entire national championships I only saw one clinch. Even in greco there was lots of scoring on the feet.

Unfortunately, Lost and ODH are correct- giving the refs too much power can lead to some really questionable results.