It will be fast only in the beginning when a few clients are participating, but then screw over the infrastructure with degenerative congestive behaviors when "everyone" is on it. And by then, it will be a standard everyone is stuck with, with the only way out being to complicate it with a tirade of hacky refinements based on guesswork combined with crossed fingers.
That's not even considering malicious interference: what sorts of attacks will be discovered on this new UDP based shit, and what sorts of hacks will be required to mitigate them.