Common Malware Enumeration Initiative
LogError writes "The Common Malware Enumeration Initiative was just announced. Headed by the United States Computer Emergency Readiness Team (US-CERT) and supported by an editorial board of anti-virus vendors and related organizations it should provide a neutral, shared identification method for malware outbreaks."
It would be WAY easier to keep a list of names and heuristics for all of the legitimate code out there and have a default deny policy with a whitelist. The only condition that would need to be met is that no legitimate application is denied entry or the concept could become worse than DRM.