No, I don't think it does. Every now and then people come up with suggestions to Latinize certain languages (I know this well from such attempts to Latinize Hebrew). They generally don't manage to convince more than a handful of people to adopt the new scheme, and it dies on the vine. History teaches us that such fundamental changes almost only happen through the mighty instruments of the state, in concerted efforts involving mass media, school textbooks, etc.
Until and unless there is evidence this Latinized Farsi has a constituency of readers and potential contributors, I'd say it doesn't merit consideration.
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