Interesting idea...
Trust will probably be the biggest issue...what are the costs and where would you like to locate it?
I'm currently discussing the idea with someone in the states to host mine for about $15 a month for a BFL-SC-Single. Which cost $1,300 so at 20% VAT then that's $260 or just under eighteen months of $15 a month. An due to Moore's Law after eighteen months new ASIC then should be twice the hash-rate so you'd probably want to upgrade. This person has also said he will set it up to Merge-Mine on P2Pool or provide full remote access. So good for the network health in using P2Pool. I'm just waiting on a legal letter for piece of mind.