That's an interesting and very defensible PoV. However, even considered as such, it has some serious warts:
* It has no clearly-defined semantics: it's an accretion of rewriting tricks, and as such, it's often very hard to predict how two tricks will interact together, especially when they involve indentation and line-breaks.
* It tries to support too many cute idioms, which leads to too many ways to do things. There ought to be one obviously best way to do each thing, for the sake of maintenance and readability.
Now, if we consider CS as a presentation layer for JS, then its proper place is in an IDE, not as a compiler. Ideally, files should be stored as JS and converted back to CS transparently when editing. Mixes of real JS and CS->JS code should mesh together gracefully. When a piece of CS is highlighted, the corresponding JS should be shown as a tooltip. And of course, when a backtrace is produced, it should be translated from JS lines to CS lines transparently.
Today, CS fancies itself as a compiler, i.e. something which produces object code which should never be dealt with by the programmer. As such, it fails. If it presented itself as a representation/refactoring abstraction, it would be much easier to embrace. Of course, the implementation/integration with an IDE would be an order of magnitude harder than a text->text processor, and would make the language^Wtool liable to editor wars.