This approach does seem the logical one, though it highlights a real glaring omission - nothing is said about how the element from another namespace is interpreted. In this case its clear that the contents of dc:subject refer to its parent element, but that's a human best-guess, nothing in the Atom (or DC) spec covers this.
<entry> <title>Foo</title> <dc:subject>Random</dc:subject> </entry>
http://www.intertwingly.net/wiki/pie/MultipleSyntaxDiscussion http://www.intertwingly.net/wiki/pie/RdfAndEcho