The PP cancellation will take place no matter how many transformers you combine. If you use two as shown any imbalance between the two on the primary side will be cancelled on the secondary side, provided the two transformers are identical. However, in reality they are not. So in general, adding transformers will worsen the results. However, I'm talking about theory here. The difference will most likely be inaudible. But again, I think the circuit adds complexity for no benefit.
The above circuit will not solve the idle current issue, either. Let's assume that the left tube has 50mA idle current and the right one has 60mA. This means that L1 and L7 (which belong to the same transformer) are 10mA off. The same is true for L2 and L6. This mis-balance is not an issue for an ideal transformer but it is for real-world applications and for toroids in particular.
The only advantage of the circuit that I can see is voltage sharing (EDIT: and power sharing) of the primaries. However, this only applies as long as the transformers are operating within their specs. When driven into saturation, two transformers may behave even wilder than one and cause higher voltage spikes which are more likely to damage your tubes.