Sounds like it would accomplish the same purpose. I wonder, though, if that would be allowing the back to "breathe" rather than the top. The sound coming off the top of a guitar is very different from the sound coming off the back... of course that could be due to the different wood, thickness and bracing pattern. Really I'm just thinking out loud...
If you go with a thin back like on an acoustic, I think it needs to be braced. Of course, this Taylor 110 that I'm trying to fix for my brother has no bracing on the back, and the back is a sort of domed laminate. So it may depend on the strength of your material and how much of a radius you give it (more radius = stronger)
Are you still thinking a hollowed out body? If you go with a thinner back, it would almost make more sense to bend the sides, attach with kerfing, etc. like on a normal acoustic. But then it would be less of a hybrid and more like an acoustic with pickups on it. BTW I think the switchable soundholes on the back is a good idea. You could do all sorts of stuff with that. Be sure you give the top a radius like on an acoustic (arch the braces, etc.)
The electric sound... I imagine it will drop out some of the "glassy midrange" that distinguishes a solidbody from an acoustic. Humbuckers are probably a good choice for this; I think Strat-like single coils would be very thin and honky.
A few times, I've played my acoustic into an SM57 run into a Princeton Reverb, which is a very distinctly "electric" electric guitar amp. The sound was incredible, though very bright and "changy", like an early Beatles sound. I wouldn't expect that from your concept, but still, something more to consider.