Like evil maid attacks, this is a vanishingly rare scenario brought out to try to justify technology that will overwhelmingly be used to restrict computing freedom.

In addition, the benefit is a bit ridiculous, like that of DRM itself. Even if it worked, literally your "trusted software" is going to be running in an office full of the most advanced crackers money can buy, and with all the incentive to exploit your schema but not publish the fact that they did. The attack surface of the entire thing is so large it boggles the mind that there are people who believe on the "secure computing cloud" scenario.