[sdiy] Anything to square convertion idea - brilliant or incredibly stupid?

[Peter Grenader]

Had an ah-PIFF-amy..

Is it really lame-o to use a 4053 to convert another waveshape to square or
pulse?  Was thinking about the easiest way to do that.  Figured ground into
the normally closed side of one of the switches, and a pot and VC input
gating +v to the normally open.  Put any waveshape at the enable pin by way
of a tranny and bang - you've got a waveshape at the output the goes
immediately to the two signals preset at the two poles of the switch each
cycle.  The VC input of the normally open end could would operate as an
amplitude VCA or better yet,  an ON/ OFF.  Stick a flip-flop in there and
you've got a programmable on/off.

I know it will work, cause I tried it on my Doepfer VC switch which uses a
4053.
 
any comments on the lame0ness of this idea?