"Design, or purchase a set of blades that will stall the machine to keep RPM's at or below a determined RPM no matter the wind speed."
That is what the original Air 303 did and it didn't do it very well. They let the blades flutter to destroy the aerodynamic efficiency, the noise was unbelievable and it could only work on a tiny machine.
It is also the basis of pitch controlled machines and when done properly it is an excellent solution but needs good engineering and will never be cheap and is not really a do it yourself approach (I get the impression that won't bother you as I think I see the final aim). The old Wincharger air brake also accomplished this but it was not the blades themselves that did the control in that case.
Unless you do clever things with the blades then stall is not dictated by the blades, it is dictated by the load. Constant speed induction grid fed alternators often work in stall. There are electronic loaded machines ( AIR X and some others that achieve this). Unless the machine is gynormous or you get a warranty that wind will never exceed a certain speed you may even then get it out of control and loose it. If the electronics fails again it will get away. Unless you can have FOOLPROOF means of stopping it if you loose control then it will self destruct ( unless it is tiny like an Air X, then it may revert to blade flutter)
The Air X brakes by shorting the windings above a certain wind speed, in low winds it just brakes enough to keep the noise down and as the wind picks up it brakes more and more to keep some sort of speed limit. When batteries are charged it stays shorted and doesn't spin ( it satisfies your next criteria in that it stops and you don't need to dump power).
If you want performance at the expense of reliability then mppt loading will give excellent results ( my experience is that reliability can be ok but I don't live in a lightening zone and the things are not handled by people with no knowledge of wind power).
Starting with a big enough alternator you can run mppt up to a certain wind, or until batteries are charged, then pull it off peak power and it will effectively run stalled with drastically less power out. I don't have the winds high enough to find the limit for my latest one and the alternator was only built big enough to be efficient in the working range I wanted, but I believe it will at least hold in stall mode up to 50 mph and within the rating of the alternator. The peak power for this one ( comes down from over 1kW to about 150W). I can't guarantee that it wouldn't get away in 70+ miles an hour.
In it's present form it couldn't be run unfurled except for tests because there is no other foolproof back up to stop it. It can be shorted to stop it when batteries are charged but although many consider this adequate I never rely entirely on any electrical loading scheme as there is the possibility that it could loose load.
So what you want can be achieved. I see the best solution as blade pitch control with mppt loading but it is not the cheapest option ( in fact the reverse).
I am not entirely sure where you are heading but if this is for an individual machine then I think Dustin's advice is about as good as you are going to get. Commercially I see some of your idea coming fairly soon and some are already with us. I still believe that there may be some rude awakenings with these new electronic control schemes unless they use some form of emergency back up other than electrical loading. I only play as a hobby, I don't have to compete in a commercial market.
All I can say that this is light years away form what most people do, they actually operate nearly all the time in stall mode, purely for convenience and simplicity.
I largely agree with some of your aims but not from the point of view of reliability. As I see it MPPT has everything going for it, stopping when charged may be good in some cases but the dumped heat can be very useful. Exceptionally well engineered blade pitch control looks to be the best for reliability but in the hands of the average person it is a route to disaster.
Flux