While I did not support the proposal, it would have opened up some extra possibilities for the Australian chess scene. My local club (Australian National University) plays four tournaments with a time control of 60m+10s, while a number of weekend events in Australia use the same time control.
The main complaint is that the quality of chess drops at the faster rates, and it is an opinion I agree with. But that does not mean you do not get some exciting, and well played games at this time control. As an example here is a game played at the 60m+10s time control. Both players whipped out the first 10 moves pretty quickly, but after White forgot the main line (11.Bxf6) both players were on their own. 16.g6 was pretty strong, but is was 26.Qg4 that was the start move (White needed to see this before playing 25.Rxf6!). After that the Black king was too exposed, and White just needed to find the right order of moves to win the game. (NB The game score was reconstructed from memory so the moves might not be an exact match! ** And I've edited the moves at least once!)
Chibnall,Alana - de Noskowski,Adrian [B99]
Spring Swiss ANU, Canberra, 30.10.2013