I'm working on my method, that I hope, will serve me for the rest of my life. I think that actually, your method is a sub genre of the method I want to develop.
HILD! - Habit Induced Lucid Dream. It also can be called "Automatically becoming lucid". The reason you thought it will be the ultimate way to induce a dream is because it'll happen automatically\naturally right?
I want my subconscious to work with me; instead of me trying to force it with my conscious.
So basically everything that will become a habit, and work by itself is part of that.
What I'm trying to learn to do now is to WILD; But I'm not doing any visualizations or anything. I'm trying to sharpen my sense of when I start to drift away and then start to dream. I'm also trying to stay conscious while me sub-conscious starts to dream. I hope to make it more and more precise; and hopefully becoming a master of it. If I miss the moment - I'll wake-up a few hours later, a bit dissapainted; and if I'll have to much awareness - I won't fall a sleep. Obviously I prefer to try more times, so I could learn more; so we are talking about some long nights here j-: Thank got I don't have a job. B-D
Yesterday, it worked. I saw a blurry image that only in the middle of it I saw something; and only after a moment I realized I'm seeing an image. And then I made it clear, and a lucid began.
So that you'll understand, I was able to have a few WILDs naturally; only a few months ago, when I began to learn about Lucid Dreaming.
So with time, I hope it'll become a more and more automatic process. I hope it's approximately what you meant.

So did you progress with your method??