I will be running 10x7 this year. Its my choice as it is everyone's to do so if they wish.
Providing that when you accept that doing this may leave you uninsured, you also accept that if you should crash into anyone in an uninsured state you could be found personally financially liable for the whole lot. Including any death or personal injury claims. My opinion is much the same as yours E.L.M.O, if you want to do it to your car its up to you, as long as you accept anything that may happen as a result. As has been pointed out however, stretching tyres may prove illegal, is certainly outside manufacturers recommendations and will probably be uninsurable. Think about what might go along with driving a car in that condition.