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Actually, reading up on it I think that Google would penalise us and all sites using us.
We aren't allowed to use window.status (even if we could) as it would deceive user about where the link was going (even though the destination is as advertised).
We aren't allowed to cloak the URL or otherwise send a visitor to a different URL to the one they expect.
Yes Google do this, but Google set the rules and are allowed to. It would be far too risky for us.
I missed this the first time round, but could I suggest that the title attribute isn't the best place for this?
I know making the microcosm.app/out/ links is pretty damn important, but could you do a very similar thing to what Google does and hot-swap out the href attribute on hover/mousedown so that the usual pop-up in the bottom left is meaningful (showing 80% of the actual URL)?