I've been working on something like this for my own use - I'm not a fan of browser-based history. My home-rolled solution is starting to be good enough where I can use it to easily find exactly what I'm looking for, assuming I've previously read it, by both searching the title and URL, as well as the content on that page (my major gripe with "History" in Chrome and Firefox is that it doesn't search the page content, and if it did, syncing it would have major privacy concerns).
The problem I'm running into is that I still have to use major search engines to find new content, way more than I'd like. I hope to make my local service available open source once I have 'federated' history search working, so that we can have a primitive search engine and share with people we trust. Also need to work out some security issues - it's scary having all the content you read and see on your home network, protected only by your hackily-patched-together security.
EDIT: Actually I'd like to elaborate a bit more in case anybody actually reads this and has any ideas. On the desktop side, it's pretty easy. Initially started out MITMing my own traffic with a self-signed cert added as a root cert to all my machines. This only works on my home network, so I did a VPN thing. This was way to clunky and the security concerns are innumerable. I ended up biting the bullet and writing a chrome extension which works wonderfully, except for some slight performance issues.
However, I wish to also archive my phone content - I read just as much on my phone as my computer. I can do it on Android with the MITM process, but the same issues as above still apply, and it doesn't work with iOS (at least I can't find a way).
I'm thinking of taking an open source project, like Firefox/Fennec and building it in to the app itself. In that case it may make sense to forgo the browser extension and just roll my own forked browser on every platform, even iOS. I don't know much about iOS dev though.