Eeeuuuw. Don"t like the sound of that at all!
The last few levels each day will be a total snooze-a-thon. Anyone with a big stack has no reason to play as they can get through by just folding every hand and anyone with a short stack is just going to nit up and take an age over every single hand in order to run the clock down and scrape through with just a couple of chips left.
Although i would have made it to Day 2 if they"d played this one that way as i went out with 6 minutes to go! Didn"t want to come back with 10 bbs so was shoving lots. If i"d known i"d come back on level terms with everyone i"d have simply folded my way to Day 2.