That is a nice strategy but it only allows IO to be parallel, and leaves the CPU sequential. Programs may be concurrent (because of the cooperative multitasking) but not parallel (because there is only one CPU thread). Users may find it disappointing that they can only use a single core.
Also, keep in mind that cooperative multitasking may cause unexpected high latencies, which is unfortunate e.g. in GUI applications and web servers; this is a result of queueing theory, and an example is given here: https://www.johndcook.com/blog/2008/10/21/what-happens-when-...
Also, keep in mind that cooperative multitasking may cause unexpected high latencies, which is unfortunate e.g. in GUI applications and web servers; this is a result of queueing theory, and an example is given here: https://www.johndcook.com/blog/2008/10/21/what-happens-when-...
By the way, on POSIX systems there is a way to schedule background IO operations without even using threads: http://man7.org/linux/man-pages/man7/aio.7.html