Besides the fact that you don't rebuy or add-on at all Gavinski, I play similar to that manner. I've had much recent success at the $10R at 10:30AM ET on Full Tilt. I've placed in two, taking second in one of them. I played pretty much similar in all of them. I don't add-on immediatly, I just start with my 1500 chips.. I sit very patiently, waiting for monsters or looking to bust someone with suited connectors. I am definitly not afraid to all my chips in, but I know I have the winning hand when I do. People play extremely loose in the beginning where I seem like a rock, so when the blinds get somewhat big.. I make a raise in position and they are folding to me no problem.
I usually am sitting at around 3-4K at break and add-on to make it 5-6K. That is about average stack then. This is when my tournament game really kicks in and I take advantage of all these rebuyers with a BR, but not much skill. I play my normal game, still being cautious, but showing winning hands. I like to make the raise when I come into a pot, not call a raise.
I should be playing $10R and $5 MTT today on FT at 10:30AM again if you want to rail and see how I do.