Hi Nick,
As a (mostly past) bridge camera shooter, I have to say - I do see some logic in what you're suggesting Nick - mainly because like you, I really only shoot for web display.
However, I believe it ought to be about 5 or 6MP, to allow for some cropping and downsizing in PP - which I think would almost double the size of the pixels, compared to a 16MP bridge camera. (I can't be bothered to do the maths, or research relative pixel pitchs, but as a 'rule of thumb', I think it needs to be a quarter of the MP figure to double the linear pixel dimensions, which is probably necessary to give any real benefit in Dynamic Range and Noise performance)
Another feature it should have is a constant aperture zoom lens, so you're not forced to use higher iso, or drop shutter speed, to maintain exposure as you zoom in. Yes; I know several Panasonics have this feature, but I've never owned one. Ideally the zoom should be manually controlled too, not electric driven.
The final feature it should have is a decent AF system - my Nikon P510 is spoilt by a rubbish and slow AF system.
Oh - and of course it ought to shoot RAW and have a big, fast buffer (easier with less MP)
Do I think it will be made?
No, for many of the valid reasons others have stated above - although in some posts, people seem to have suggested using larger sensors, your point was to keep the sensor the size it is (in a bridge camera), which means the lens stays relatively compact (and cheaper), compared to FF/DX - less so against M4/3 and Nikon 1, etc.
Anyway, they be my thoughts, for what they're worth
I do not expect anyone to agree with me