Thermal compression: Yes, that's the idea. It may be better to distribute the thermal load amongst multiple drivers.
I understand what you are saying in the above post with respect to thermal compression, but the reference to cab formats (4x10, 2x12, etc.) may tend to stereotype them with respect to performance. They tend to be thought of as 'old school', using inexpensive drivers with low power handling and short Xmax, in big heavy cabinets. This is in contrast to modern cabs, employing advanced drivers (WRT thermal management, Xmax, power handling, etc.). Let's drop the 4x10 (blank by blank) terminology for a moment and think in terms of phased arrays of using advanced drivers in well braced light weight cabinets. For example, if we go with a '6-by' format, with 2 columns, with only one column active above a frequency chosen to maintain some specified beam width (and minimize driver interference), then add a line array of small mids centered between the 2 large driver columns, and connected with an appropriate crossover we will have something quite different form 'old school' multi-driver cabs. The multi-driver format allows the thermal load to be distributed as you discussed.
IME/IMO there is just something about the sound of multiple driver cabinets. It is effortless, enveloping and massive. I suspect that it has something to do with mutual coupling, greater radiation resistance (than single 'super' driver cabs) and possible the nature of the wavefront. Don't know if this will even be figured out in my lifetime, but the tone quality difference between a single small driver and multiple drivers is as real (IMO/IME) as that between cabs that reproduce the fundamental and those that only cover the second or third harmonic (and up).
The smaller cabs can sound awesome and are definitely more portable, and are great for tight performing spaces. Bottom line: they are just a way more practical playing solution for a lot of players. Still, I'll bet many would be interested in an advanced, phased array cab.