Never played Too Human, all the reviews said it was dire. What those reviews also said was that watching the 'Valkyrie comes down and takes you to Valhalla' death scene every time you died, actually managed the impossible, taking a game that couldn't be any worse, and making it worse.
I'm going on the record that I don't want this idea either, but what was annoying in Too Human was that you died because the gameplay mechanics were meh, not because you necessarily did anything wrong, and then watched this long animation you are describing. How bad Too Human was was a little overblown though IMO. People rated it as low as games that don't even function.
Anyway, people are forgetting that Bioshock had this system with the vita chambers. i didn't like it and I actually reloaded my saves instead of using the vita chambers. However if they at least reset the enemies' health or something it would have been more ok. Also, what about the old diablo way of corpse running?