Earlier quoted context omitted.
Yes, I've seen designs for this sort of thing. It's super scary, because you're essentially offering a decryption oracle with your private key to the Internet. It's authenticated, sure, but even still you've actually increased your attack surface. A compromise of an SSL terminator, or the ability to pretend to be one, gives the same capabilities as a compromise of the oracle itself. The advantage you get is that only…
Here's the problem: If certificate revocation worked and was reliable this type of setup would not be needed and would actually make you less secure (for the reasons you stated). However the reality on the ground is that certificate revocation is somewhere between unreliable and damn right broken. Right now the primary way certificates are revoked is via operating system updates or via browser updates (e.g. Chrome ha…
To me, the biggest question is whether they can keep the oracle highly available even in the face of a DDoS. It still seems like the weakest link, just slightly more difficult for the attacker to target since they don't have a publicly advertised direct connection to it.