The transcendental model sounds to me like something we all do, in a way.  Our culture is very introspective, looking at motives and reasons, and the mind in the hopes of unlocking the truth.  This is good to a point and one must constantly refine oneself.  The problem, however, is that there is little accountability in thought.  One must depend on other believers to make sure that the great danger of the transcendental model (complete heresy, like universalism) does not happen.