Yeah. The current system reminds me of this old poker tournament strategy where the player would just wait for one of a certain set of hands and then go all in, never call or make smaller bets. The idea was to steal small pots to make up for losing blinds and to win a good amount when called because you had a strong range.
The problem with both that strategy and with current tempering is that in order to generate frequent small wins you are also generating rare big losses. And the big losses are far more memorable than the small wins.