The idea is definitely not stupid, especially if executed well.
I like coffeescript a lot, but it has it’s approach has downsides as well. Debugging a coffeescript script still requires you read the generated Javascript code, which can be tedious, since you haven’t written it actually yourself.
I’ve understood that Jeremy Ashkenas, the creator of coffeescript has started to work on coffeescript after reading “Create your own freaking awesome programming language” by Marc-André Cournoyer.
Good luck!