Edit: OK, just read Thibaudieu's latest 'program': Neural Charge Training. I admire how he's able to constantly pull this stuff out of his butt. Very creative. Of course, I'm not going to do it, but it did provoke an interesting thought. What if my M-W-F workouts were always based on the Squat and Press, my two lifts of emphasis. So instead of thinking, oh shit, today I don't have the energy for a full one-hour, six-lift workout, or I don't have the time, or I feel a little under the weather, and so on, I always do those two lifts M-W-F in some shape or form, even if it's just basically warm-up sets with no real worksets. Then optionally, I do my rows and pulldowns on the same days as the Squats and Presses, and if not, then on off days. Finally, also on off-days (T-Th-F), or on Squat-Press days in which I'm really feeling good, I do light-to-medium intensity DLs/RDLs and Bench Presses. This could conceivably mean working out six days a week, in addition to aerobic stuff, but a super high frequency approach might work, and workouts would never last more than 30-40 minutes unless I really felt like going for it. It would depend on my intuition being correct that Squats drive Deadlifts and Presses drive the Bench Press, because I would rarely be doing Deadlifts and Bench Presses full intensity. But by keeping them light-to-medium, I would hopefully avoid overtraining issues. It kind of goes back to the idea that guys who do physical labor somehow manage to do it every day, 5-6 days a week. I think Sid also does relatively high frequency training, or at least breaks things up into 20-to-30-minute chunks. With proper maintenance, could be sustainable even for an old fart like me. Anyway, just a thought, the main thing is do something, anything, sooner rather than later . . .
http://blackironbeast.com/power-to-the-people
http://danjohn.net/2011/06/even-easier-strength-perform-better-notes/
Here are a couple plans that are similar to your thinking, with some differences from your idea. I don't think adding in the extras would be a big change in these plans though.
I gave the article a read and I see the idea you are mentioning. His version/interpretation is quite different than what I would have initially assumed. Nice little catchy phrase too.