This seems like it could actually be a real improvement on written Latin if it adopted a real phonetic alphabet. Just transposing all of my existing graphemes for new, smaller ones seems a little silly. (And since what you're really asking is not for people to learn a new alphabet, but to learn a new symbol for every word in their lexicon, it wouldn't be that much more of a leap. Think about it.) Thinking about it--…
There's simpel-fonetik, which is extremely intuitive. It's basically a mapping from IPA to latin letters. Example: When you read Simpel-Fonetik words, you must pay attention to each letter. Remember: each letter has always the same sound, the sound given in the Simpel-Fonetik alphabet, regardless what letter is next to it. And here it is re-written in Simpel-Fonetik: Wen ju riid Simpel-Fonetik wörds, ju mast pei äten…
I disagree about the 's', but otherwise I like it.
German's most newbie-ish computer magazine, Computer Bild, actually uses a pretty system to explain the pronunciation of IT terms to the layman.