You interpreted "immobilize" as "inability to perform a Bayesian update"? I think that is unlikely given that he says "you will be incapable of going somewhere without your cache of notes" which seems to clearly imply a much more (though not completely) literal, physical meaning of immobilization.
There's also the bit that says
There is also a "structural integrity'' to your old thoughts that will resist change. You may actively not-think certain things, because it would demand a lot of note keeping work.
Related to: Living Luminously
Well? Should you?
Linked is a treatise on exactly this concept. If the effects of recording and classifying every thought pan out like the author says they'll pan out... well, read a (limited) excerpt (from the Introduction), and I'll let you decide whether it's worth your time.
The full text is written in a stream-of-consciousness style, which is why I hesitated to post this topic in the first place. But there are probably note-taking junkies, or luminosity junkies, or otherwise interested folk amongst LW. So why not?
(Incidentally I'm reminded of Buckminster Fuller's Dymaxion Chronofile. I wonder how he managed it, or what benefits/costs it wrought?)