I don't know. But at least it would stop every single argument advertisers have in favor of advertising.
The sandbox could even be made so that consumers can fill in their personal information, so that advertisers can learn more about consumers without even tracking them. That would be an advantage for advertisers and also for consumers because they can be selective about the information they provide.
And of course advertisers will try to lure people into the sandbox with discounts etc, so we should punish any discrimination between consumers who do and consumers who don't visit the sandbox.