Yup, a good analogy except... Just to add one small thing to it. The important thing here is to "make yourself tired with speed" but also with "volume of fast training". In other words, yes, for Evan, 60 seconds might be just fine to go on and on and on (like Peter Snell did) but that's probably more rare case. If Joe, who runs about 4:15 for the mile, tries to do that, with 60 seconds quarter, he might be done with 4 or 5 of them! I would like to see the athlete perform this type of workouts AT LEAST for a half an hour total (including recovery jog). At first, I'd rather see him/her do a little slower and with, like Tinman said, equal distance for recovery jog (there's no point of having a short recovery to show how tough you are at this point) so you can do it again and again and again...for a longish period of time. The time to blast off; and the time to do them with short recovery would come a bit later; but be reasonable at first. In fact, I actually do like the way Arthur put it all together in the first Run to the Top schedule with all the effort progression with repeats.
Well this is a bit more sensible - not so anarchic. But insome very successful systems the short recovery not very fast stuff come first and summertime is the time for fast stuff and long recovery. Apples and oranges but at least we are talking about SOME STRUCTURE now thank heavens.