Totally agree with that assessment. If it becomes a place where only previously rejected candidates can voice their angst, then its all downhill...
I suspect this sort of thing would be fairly rare, because it looks bad on both the applicant and the company.
(And no, I'm not excluding the possibility that I myself am one of them)
Having a feedback mechanism might encourage people to be nice, and I can't see how that's bad. Yeah it might suck to have to spend an extra two minutes talking to every candidate, but I don't see that making or breaking a company.