If you're using pubkey or certificate auth, have disabled password auth, and restrict what users are allowed to ssh in, this just feels like added complexity and points of failure (not to mention a possible source of crypto vulnerabilities) with not much added benefit.
Having said that, it's a cool project in general, and I feel like it could be useful to dynamically manage access to large groups of servers (perhaps not just ssh; you could use it to manage access to https interfaces or other things). Then again, if you have a large group of servers, you should have those ports blocked to the world and only allow access through a VPN and/or jump boxes.