I tried this technique as well and found that it worked great for straight line taping. I had a little trouble with it on the tight curve of the body panels (2 to 3 I think) where I had to cut a few reliefs in the tape to get it to lay flat. It worked, but cutting and manipulating the wet tape was a little tricky.
I found that I could roll the dry tape, then unroll about a 2 foot section on a table covered in plastic, saturate it, then roll the wet part and unroll more dry tape into the same spot (if that makes sense). Then I only have a 2 ft area of mess on the table and the new dry part gets laid in the leftover epoxy from the last section which speeds up saturation.
Thanks for sharing the tip.
-mike