Earlier quoted context omitted.
Ok, that's fair. That's i/o and yes, that's known to be highly linear by the time it gets to the efferent nerves, and makes sense it is before that as well. I think that still leaves the vast majority of the cortex using undefined mechanisms.
There's no need to hypothesize a wholly unique central nervous system signalling mechanism when, not only is the signalling mechanism of peripheral nerves understood, central nerves are observed doing the same thing.
Afaik, we have correlative descriptions of what these waves indicate (importantly, they're associated with sleep, consciousness, attentiveness), but no direct mechanical model of them or a clear purpose. So yeah, spike timing could still be used at this level, but it seems other behaviors are also happening that may be more essential to the larger function.