There are way too many variables to even consider putting together a 'Committee'. First, you'd have to decide on what kind of water you can use. What kind of Additives you can use. You've have to find out which additives did what, to whom, and for how long...I mean...You'd have to find out which thermister is the best to use. People would have to put thermisters touching their DIE to make sure everybody's CPU Temps were correct. The list goes on and on.
To put something together like that would take ALOT of time and money. Nobody is going to spend THAT much time working out all of the different possibilities of different fluids, thermisters, flow rates, water pressure, water temperature, etc...etc...etc...
I'm not saying it's impossible, because you COULD make a standard, but it would be VERY hard to get anybody to follow the standard unless you had a HUGE backing of every WC website out there.
My $0.02
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