> I don't think this really makes sense, because "normal space" is not a well-defined term.You are of course technically correct.
> There's nothing in the actual math that corresponds to "new space being created".
True, and this might end up being a horrible crutch, but right now it helps me to conceptualize what's (possibly) going on. I'm sorry for having exported this hypothesis into a context where it shouldn't have been said without additional qualifiers, but it's too late now to edit it out.
> This isn't really part of the physics either; it's an interpretation
That's actually one I stand by. In the end, this seems really more about how you choose to express ideas in a language that doesn't have any exact words for things going on in an object that lies far outside of our normal experience. You might (and I suspect you do) choose to not say anything at all and let equations speak for themselves, but that doesn't really work for most people. So you're stuck with choosing lenses that render this foreign reality on a canvas you can actually picture. I also think there is nothing wrong in principle about choosing this particular representation.
> I would say it's most likely not possible on our best current theories.
Well, we know spacetime is not rigid. We know that interesting dynamics exist at the extreme limits of physical values. We also know that there is a large chunk yet to be discovered about the nature of the substrate on which reality rests. You are completely within your rights to look at everything we know and have ruled out so far and proclaim a high likelihood of impossibility, but along the same line of thought I reserve the right to declare the glass half full ;)
The truth is that neither of us are likely to live to see a definite answer play out.