[Armin]

But what if you didn't remove all kinetic energy; just that along the falling vector. I think that's what RyanW is actually asking about.

There shouldn't be any freezing, then. And you shouldn't red or black out, because all your blood is still doing exactly what it ought to, right? And there's no brain smashing against skull, no other internal collisions or malformations. Are there really any issues if you could magically catch someone like that?