@Fil Albuquerque,
This is probably the prime example of Occam's Razor.
Yes, this hypothesis (the correct spelling) is plausible, but since it makes so many new assumptions, its far less likely than what most people believe. Anyway, why bother making such a theory? In no way does it help humans advance scientifically, technologically, or spiritually, all it does is make people question their own physical existence, something that can only lead to depression.