I'll admit that I haven't the 'formulas' to validate my idea, it's just a suggestion. Its my guess that this could be done with a dremel tool with the 'head on a cable' (extended, flexible head) on one of the beta blocks. All this stuff being talked about now IMO imacts overall effeciency like an exta M80 adds to a TNT blast. Its not so much splitting hairs, its more like splitting atoms. Not to say its all fruitless...most extreme OC'ing IS splitting hairs.
I'm sure someone with a degree, keener knowledge of thermo/hydro-dynamics and a good simulator app could prove this better or worse, but I'm saying the slot could possible add to cooling, nothing more.
As for reducing velocity to the point of being less efficient, the base is very thin, and maybe increased surface area (in a spot that acts like the portion of a HSF directly under the hub - less flow) might help. Fluids aren't know for making perfect right angles, so there should be a spot under that jet where the water lingers a bit more than the rest.
The water will still be traveling fast, albiet not AS fast, when it hits the area where the slot is, but the base slot is MUCH narrower than the slot in the middle plate. Also, the diagrams from roscal that Cathar posted show that the water is still traveling towards the base beyond the slot in the middle plate. The whole idea of the WW is challenging wether velocity/flowrate or surface area is better (basicly reinventing the WB). If there is less velocity [and resulting less pressure in the slot...and don't remind me of presure & liquids] in the slot, it may keep water from dispersing as much and remain in more of a vertical decent...of course I'm the king of educated guesses... The blue spot in roscal's diagram (top most) directly above what should be the base's hot spot is one reason I this might be worth looking into - shouldn't the hottest metal be surounded by the hotest water?
As for extra expense...it's less material to remove for this slot than there is for 1/3 of one channel. When everything is said and done, though, I'm not as much of an expert next to Cathar (or many of the rest of you guys), as well as it's HIS wb design. And it obviously works great already.
BTW - for me, planning & tweeking is the best part of a project...noticed?