Currently, we have:
- decimal lat/lon
- d/m/s lat/lon
- UTM ( http://en.wikipedia.org/wiki/Universal_Transverse_Mercator_c... )
- MGRS ( http://en.wikipedia.org/wiki/Military_grid_reference_system )
- Geohash ( http://geohash.org/ )
- "Natural Area Code" ( http://en.wikipedia.org/wiki/Natural_Area_Code )
Please, suggesting something like this and encouraging people to implement it is like coming out with a device that only charges over micro-USB. Just... don't.