One thing your analysis leaves out is the human/psychological element. I've never bought into the idea of "erasing" the waves causing an overall throughput increase directly, but rather that it adds buffers so the traffic is a lot more predictable. The more people need to slam on their brakes, the more they deviate from the optimal-flow following distance, effectively wasting throughput. I guarantee you that when humans are involved, you'll get a lot better throughput from a line of nicely synched cars humming along at 25mph with a 2 second gap than the same cars constantly speeding up and slowing down, but maintaining an average speed of 25mph and attempting to maintain a 2 second gap despite wildly varying traffic conditions.