It seems that in order to add a new package or developer, a quorum of administrators must go to their secure signing machines and approve the key for that delegation. I don't see how that scales to active communities with lots of new developers.
Despite that administrative work and delay, it doesn't seem that the end result offers any guarantees about the repository other than that files haven't been tampered with. The repositories can still include malicious people or malicious software, because the administrators aren't doing any form of validation.
I also wonder what happens if people start squatting names and how the administrators will determine who has the legitimate claim to names.
This feels very similar to the CA system, except that we have pinned a particular CA (our "trusted administrators"). We have to compare that to choosing a CA (e.g. LetsEncrypt.org) and requiring that all keys be signed by that. I'm no fan of the CA system, but it does seem that the CA system (with pinning) is more tested, and has already implemented stronger procedures and guarantees than what we are getting here.
The timestamp signing system is nice, in that it allows for easy mirroring without requiring TLS. Given the timestamp signing key is online, it does seem we could more easily just serve the timestamp file from a central server though, over https, and then allow everything else to be mirrored (the https://security.debian.org model, I believe)