It is ironic that their motivation is to tame and restrict the use of exceptions, and then they replace them by something even richer and much less structured. I fail to see any pros of this proposal. It seems mostly equivalent to exceptions, i.e., you can easily express raise/try/finally as syntactic sugar, and likely the other way round. But it is (1) much more ad-hoc -- you cannot give a simple reduction semantics for this, (2) much less orthogonal -- tying `defer' in with function definitions, (3) dependent on mutation -- for recovering and returning alternative results, and implicitly in the semantics of `defer'. One consequence is the loss of beta-convertibility, which means that you as a programmer cannot take an arbitrary piece of code and turn it into a function anymore, or vice versa, eliminate a function by inlining its body. Such abstractions/refactorings are impossible in general under this proposal, or at least require transforming the relevant code in potentially non-trivial ways.