Lol you're funny.
Guess what: Most computer fan inverters put out a square wave. I'd say all, but I haven't looked at every fan in the world.
Not a whole hell of a lot of modulation involved in a binary output.
Few fans are "designed" for voltage control. They do exist, they have a fourth pin just like a PWM pin, but it takes a voltage signal instead of a PWM duty cycle signal.
Maybe your magical (and, I think, pretend) Lacy Wu Tang Clan Fans of God and Seven Saints don't appreciate voltage control, but you've stepped over an interesting line on this one.
What line? Why interesting?
The line of things that I can test directly, and interesting because I have a nice pile of fans here and a 5 amp power supply that is happy from 12v down to 2.6v. I'll be testing a variety of fans here, ranging from Nidec and JouJye screamers down to silly little AMD heatsink fans, I'll let you know what the results are.
Let's see how well your buzzword bingo stands up to real world testing, shall we?