Well, so far not overly surprised by the responses and I should like to clarify that this is not the technique I am considering myself: it was a general question for discussion. Playing Devil's advocate, if you will.
As far as condition 3 is conerned, if I am to obey the law, them I have no choice but to carry my pistol in Condition 3, or conceal my mahoosive revolver instead...
You cannot wake someone who is pretending to sleep. Stop pretending. Wake up.
Doubt: ...it's the only thing I'm sure of...
-Marsupials: Nature's idea of Concealed-Carry-