The only way I would ever accept this kind of thing being implimented is if some way, we could make the player location show as ?????. But as soon as they come within range of any object with a scanner. Be it a ship, station, weapon platform, pretty much anything with a scanner. It would show on the chat menu the system they are in. As soon as they are out of range again it would show them as ?????.
I really don't think it should be done away with all together and I really don't see this method ever being implimented.