Wouldn't this eliminate much of the grid attacks? It seems too easy to create new accounts and keep attacking the grid with self-replicating objects, get banned, and then repeat the process with another account. I get the feeling from reading other SL forums that previously banned residents are doing exactly that, despite your IP banning measures. Maybe unverified accounts can be restricted to running LL-approved premade scripts only, with script creation disabled. Web hosting companies do that with CGI scripting, maybe same principle can be applied to SL.
I realize this wouldn't eliminate 100% of the attacks but wouldn't it reduce it a bit?