Ask HN: If Apple didn't approve apps, would you install them on your only phone?

With the recent surge in criticism of Apple's App Store approval process the idea of eliminating the process completely has been tossed around. However would you be willing to install an application on your phone that has not been "blessed" by Apple, bearing in mind that such applications would be able to do things system-wide that the apps currently available are unable to do only because Apple does not allow them into the App Store.