Conventions, style, standards, etc are explicitly created for the purpose of lowering the barrier to entry for understanding and maintaining a piece of code. The maximum number of potential users who can quickly interpret and be productive with said code is the purpose of the concept of readability.
Unless you are claiming a specific advantage for the stylistic choices over simply taking more care to write more conventionally readable code, I don't understand your objection to the term unreadable.
"unreadable" in common parlance of the software world is not taken to mean literally impossible to parse but simply, not optimised for ease accessibility for the maximum number of people in the shortest amount of time. I'm afraid that means that the fact there is debate over this to such an extreme suggests this is at the very least, not very readable.
As with everything, there is a balance required. Unreasonable lengths should not have to be undertaken to maximise code readability. I do wonder what advantages you attribute to this style which you think justifies any potential trade-off in readability? What is gained for such a potential expense?