AA I w'd politely disagree here
Restricting each side to 60 overs per innings w'd just kill test cricket
No longer will we see batsmen scoring triple hundreds, openers carrying the bat through an innings, no one w'd be able to go for Lara's record, noone however great w'd be able to take 10 wickets in an innings, noone w'd be able to challenge Murali's record in future etc. etc.
As much as winning matters we can't deny the fact that records matter just as much to the great players of every generation. They are an important part of the game. Records are sometimes the sole motivation for great players to continue playing the game!!
I am all for innovation which makes test cricket more entertaining and result-oriented but we should not tinker with the basics of test cricket, something that has stood for 132 long years!!
Draws are only ugly if they are tame affairs on batting paradises. Sometimes a backs-to-the-wall draw is just as absorbing and entertaining as a hard-fought win.