@Iaak: I think the idea of a transformational sideboard is always interesting with a deck that's winning a very very high percentage of game 1's. the problem in this case is that the transformation seems to run up against the exact same hate as the original deck. people are going to hate flash with, among other things, graveyard hate. playing reanimator combo to get around graveyard hate seems silly.
Hulking for cephalid + nomads gives you the ability to search for a further 3cc worth of creatures. The main advantage of the side is in the stern proctor, it bounces crypt+planar void (search for it when hulk goes to graveyard) and can be hardcast to bounce leyline or colosus/any artifact. If you're worried about extirpate then you can also run mesmeric fiend. The advantage over the sliver kill is that it doesn't lose to your opponent having critters. It also gives your opponent a false sense of security when they have crypt out. Yes, it sees the same hate, but has the answers, hence the unusual siding in reanimate to deal with graveyard hate.