Nice - but really only the equivalent of BACKUP DATABASE ... WITH CHECKSUM.
I would strongly advise not using this for the same reasons I strongly advise not using BACKUP DATABASE ... WITH CHECKSUM as an alternative to DBCC CHECKDB - it will not detect errors introduced by memory problems, SQL Server bugs, or IO subsystem corruptions of pages using torn-page detection.
Bottom line - you can't avoid running DBCC CHECKDB - don't fall into the trap of running something faster. Offload your checks to a non-production server but continue running DBCC CHECKDB - it's the only thing that will find all corruptions.
Thanks
Paul Randal
CEO, SQLskills.com: Check out SQLskills online training!
Blog:www.SQLskills.com/blogs/paul Twitter: @PaulRandal
SQL MVP, Microsoft RD, Contributing Editor of TechNet Magazine
Author of DBCC CHECKDB/repair (and other Storage Engine) code of SQL Server 2005