I agree with the statements that it looks like a good fan protector. Further, I agree that it is inadequate protection for the filter (if you ever challenge either.) I disagree with the air flow concerns. I don't see any on any of the designs in this entire thread. The air flow should be quite sufficient in all cases. Most times, designers will provide shrouds to guide the air for maximum fan efficiency if it is at all marginal.
If you (collectively/generically) think the air flow were that marginal, you would be better off hosing all the film, dust, dirt, etc. off of the pump housing directly behind the fan than worrying about it.
The transmission housing does most of the cooling for the transmission at large, but that specific area needs concentrated cooling. The reason is although some oil creeps out of that area, and must be topped up by the hydraulic pump, MOSTLY that oil runs in a tight little circle. The circle is out of the pump pistons into the motor pistons, out of the motor pistons into the pump pistons. There is some minor friction, but mostly, the heat is caused by leakage around the piston rings of both the pump and the motor. It is a beautiful setup, really.