It's a very interested and unique way of looking at scrolling, that's for sure. And I'm with you, I like this type of experimentation.
One thing I find tough to deal with is the default amount of characters "scrolled" for a given mouse wheel move: the default takes way too long for my tastes. I find around 50 characters a lot nicer. Also, what about co-opting the scrollbar? It's a much more natural and smooth scroll as compared to the mousewheel, giving users more precise control over how much to scroll.
One thing I find tough to deal with is the default amount of characters "scrolled" for a given mouse wheel move: the default takes way too long for my tastes. I find around 50 characters a lot nicer. Also, what about co-opting the scrollbar? It's a much more natural and smooth scroll as compared to the mousewheel, giving users more precise control over how much to scroll.