Interesting stuff.... On bigger turbo's, say over 70mm, this will help with low end power, and not really cost much, if anything on top. (Especially if you can now run a larger AR housing, but still have power down low since the "true" AR is now "half" when the valve is closed.
As IJ pointed out, placement of the valve is important, you want the open side to hit the major side of the exhaust wheel for the most tourqe effect possible.
I see no downside on this, even with the shaft of the "throttle" plate going right through the middle of one runner opening.
Sure, a flapper style door that when open sits into a recessed pocket on the runner, and is completely out of the way would be even better, but is that really needed? Another benefit of the flapper style door might be to design in an angle, so you have in effect a funnel shape when the door is closed.. and that funnel wall is removed when the flapper is opened up and out of the way.
Very cool ideas, and competely simple things like this are often the best when your dealing with exhaust parts that move. (Simple and reliable.)
I would also make the actuator bracket and shaft longer to keep it away from the heat as much as possible. A simple Hobbs switch like SP sells is all you need to control this. It's passive, and only opens the door as the pressure comes up. RPM is not a variable that matters. Neither is your throttle position or any other normal variable.. Only boost pressure counts here.. If it's high enough, then you need to open the door. Otherwise, it's just mental masturbation.