i think it can be done, if done right. long fades will be important, but also i would taper your boo backing gradually down to nothing where it ends in the riser (near your hands). give it a go.
El'D bow didn't have a chance on the point of such short fades, and the fact that the core lams were gone, as justin said. but the other that survived has much longer fades. i think this is a plausable design if done right.
i always wear glasses when testing a new bow!