I think that would make the lid both rather heavier, and thicker - both of which would make hinge design more difficult and the unit feel less balanced.
Plus, you'd need a much larger cable going through the hinge to connect everything in the base to the CPU.
You could argue that heat should be deliberately directed to the user's hands, as humans have excellent thermal regulation and fingers make good heat exchangers.
Anyway, most of the cunning schemes for heat dissipation I've heard involve a case redesign, so they may have to wait until our favourite dragon is curled up on a mountain of golden treasure and can afford to buy new case moulds.
The following is all hypothetical.
Actually - that would be a viable design alternative and could have several advantages. The weight difference would be negligible - amounting mostly to the aluminum lid heatsink - which would be ~ 100 grams. Compared to the battery in the lower portion, the lid would still be negligible.
The display backlight board becomes the SoC board - potentially a parts reduction (one less board), though it would be a larger multi-layer board - so it might be a wash.
Having the SoC connected to the lid via a heat pad would be a simple solution. If the outer lid surface were corrugated (ridges), it could even be a pretty effective radiator.
As for the connections lid to base - it would need a single USB 3.0 OTG set to cover:
- Power from the battery to the lid/SoC for the SoC & screen.
- Data to/from the base to/from the lid.
The key to this hypothetical device design working is to completely ignore every data transport option on the SoC other than USB 3.0 once it leaves the lid. eMMC could still live on the SoC board in the lid and be direct attached. Power button may need to live in the lid somewhere too.
A USB 3.0 hub (electronic equivalent in circuitry) in the base (getting power from the battery would then run all of the ports & slots & radios. Each SDXC slot becomes a USB-SDXC adapter (on the circuit board). Wifi is the equivalent of a USB WiFi dongle's circuitry. Keyboard becomes a circuit based USB HID device. Nubs become a circuit based USB game controller
3 card slots, keyboard, game controls, WiFi, Bluetooth, 4G, 3 USB hosts, keyboard & LED controller ~ 12 port USB 3 internal hub. 12 port USB 3 hubs exist - so their circuitry is possible to work out.
The catch is that the USB OTG would have to be set into permanent host mode and the device could never be a USB target.
I could see it being theoretically feasible. It is a huge departure from everything else though - so it would be risky too.
All hypothetical. But - I could see it as being theoretically feasible if someone really wanted to build it that way.