The IC is quite new, so no long term tests from third parties. The tech described would work. If you have a lithium cell, and you occasionally want a large current from it, it passivates itself, so the ESR goes up. Way up, into the 100 Ohm region easily. Then your RF gizmo isn't going to work. Traditionally the solution is to place a supercap on the cell, but this might just be a bit better. I plan to test it at work, because it's interesting for one reason or another.