I haven't read any papers on it, but since it's based on 6NF, I'd expect it to suffer from whatever problems follow 6NF.
6NF requires each table consist of a candidate key and no more than one non-key column. So, in the worst case, you'll need nine joins to produce a 10-column result set. But you can also design a database that uses, say, 200 tables that are in 5NF, 30 that are in BCNF, and only 5 that are in 6NF. (I think that would no longer be Anchor Modeling per se, which seems to put all tables in 6NF, but I could be wrong about that.)
The Mythical Man-Month is still relevant here.
The management question, therefore, is not whether to build a pilot system and throw it away. You will do that. The only question is whether to plan in advance to build a throwaway, or to promise to deliver the throwaway to customers.
Fred Brooks, Jr., in The Mythical Man-Month, p 116.
How cheaply can you build a prototype to test your expected worst case?
