Regardless of the technical feasibility of GPS speed control, I'm still not convinced it's actually desirable. I think you'd just end up with those whose limiters were set to 30.5mph (or 40.5, or 60.5) tailgating those whose limiters were set to 30mph, rather in the manner that lorries tailgate each other on the motorway. Whether tailgating is more or less dangerous than speeding I don't know, but I don't think compulsory limiting is quite the trouble free solution that a few on here seem to think it is.