It's going to take you some time (and paper) but you might want to print that .pdf out and look at how the line shuffles when the JACK backer lines up on the line and how the LB'ers shuffle as well.
The biggest weakness I see in the scheme is it leaves the CB's in man coverage all the time. Thus, we're likely going to get burned once or twice in a game from a long pass.
On the plus side, even with the JACK on the LOS the QB doesn't know if he's going to be rushing or dropping back into coverage. It's a nightmare, when executed, for the QB to read where the rush is coming from.
What a lot miss is in the 3-4, ideally, you want your two ends and NG to take up at least 4 gaps, if not five. That frees the LB'ers up to create havoc.