Trikester, I've thought about doing the same thing, and was glad to hear that you've performed the experiment. I (obviously) don't take my SR in the dirt, but I do ride in so cal, and it gets warm here. So far I've only triggered the high-temp alarm once, and only to the point where the light began to flash, not until it started cutting power. But I agree, evaporative cooling is VERY effective, and it does seem logical and straightforward to mount a small reservoir, a windshield-washer pump and a switch somewhere near the handlebars to provide a spritz now and then to keep the motor comfy. It seems like there'd be hardly any risk in doing so, since the motor has to be sealed well enough to ride in the rain.
I guess my only question would be, if the motor's getting warm, don't you imagine that the controller and the batteries are also working pretty hard? If you add a way to keep the motor cool, you might just move the heat stress to another part of the system. Granted, those parts of the system should be able to protect themselves too, but it's just a variable that the engineers didn't design into the system, and it might not be obvious what all of the effects might be.