CH - I'm a little confused by your post because it doesn't seem supported by the standard, at least to me.
I agree that the part of the standard you quoted seems to almost support what you are saying, however it is refuted or at least contradicted by the sentence before it defining true profile as "[...] a profile defined by basic radii, basic angular dimensions, basic coordinate dimensions, basic size dimensions, undimensioned drawings, formulas, or mathematical data, including design models.". It is not clearly stated what exactly is allowable as a "refinement" of size dimensions but I would take it to mean any case where the actual true profile is not defined by toleranced dimensions and only the location of the true profile is affected by said size dimensions.
I would say this due to the fact that there are only 2 types of examples of mixing toleranced/basic dimensions with profile:
1) Fig. 8-17/8-18 => theres much debate on these figures (esp. 8-18) and I won't argue whether they're acceptable only that the REASONING is probably that the true profile of a cone is fully defined by the basic angle and can therefore shift withing the toleranced dimension
2) Fig. 8-27 => the true profile of the one side with a profile tolerance applied is fully defined as a plane, no basic dimensions are needed. and can therefore shift within the toleranced dimension
In the example pmarc showed I would think that the all-around symbol implies that the true profile encompasses the entire rectangular feature, and the toleranced dimensions applied now mean that the true profile is defined by a mix of basic and toleranced dimensions, therefore in my mind violating the aforementioned definition of true profile.
That is just my novice take on it though - please let me know what you think of my reasoning.