I don't see why not. If it were up to me, I would mandate a gain level that would reach full power at 2/4 volt (unbalanced/balanced). Companies could optionally add higher and lower gain settings. The former would be for legacy products and the latter for best system SNR.
Not that this would ever happen in this industry but the real solution would be to do away with RCA connectors. Come up with new connection that has a single wire digital communication path that would let the source and destination negotiate the best gain structure with ability to dynamically change it. HDCD has a crude version of this with signaling buried in the digital stream.
When the RCA plug became widespread, Europeans weren't too happy: their DIN plugs seemed better... In any case, a single cable could pass a stereo signal and a common ground for both channels, as well as a symmetrical signal. I remember articles in
French technical magazines saying how the RCA plug was less good, less practical... And there was also the problem of input levels for tape recorders... But the RCA plug was not standardized, whereas DIN was accompanied by standards, again if memory serves: it was German and DIN was also a series of high-fidelity standards...
And a plug for amateurs that connects the hotspot first is still a pain in the ass... hum...
Your idea of standardizing output and input levels is a good one, but let a Frenchman who lives in a country that has imposed standards on everything it produces since Colbert, the minister of Louis XIV, tell you that if Colbert's standards initially boosted the quality of French products, which became the best of their time in many fields... in a second phase, they were their undoing, because as techniques evolved, standards didn't keep up and decline set in...
But in the current state of technology in the analog field, there's no reason for that to change, so your 2 volts/4 volts is a good idea. And your idea of a new type of connection is particularly interesting: IT is moving a long way in this field, but domestic hifi is still stuck with RCA, the wrong jack plug and banana plugs (banned in Europe for professional use because of the high voltages present at the output of amps, and hifi equipment meeting the standard is sold with plugs in each banana plug that you have to pop out to connect the plug). Or maybe hifi is lagging behind computing... how many devices have an RS232 serial port with the old plug to communicate with a computer... which in turn no longer has one...
and therefore switched to USB... Cables that let you use USB as a serial port have never worked for me: I have a TACT 2.2X, so I bought a second-hand Del XP laptop with RS 232 and its big screw pin...
So yes, I vote for a new intelligent cable, and also, oh so much, for a Wisa-type wireless protocol to enable amplified speakers to communicate with the electronics feeding them with signals...