What if we were all true hermaphrodites

Hi every one.
I have an idea here that i'm sure is not the first of its kind and i'd love to here anyone's thoughts on the subject.
This idea is focusing on the concept of "Immortality", or controlled reincarnation.
Imagine there is one sex. Instead of gender, people are just on some spectrum of a scale from masculine to feminine.
Each of us with our own cock and pussy (and all the powers they both hold), yet people clothed look all the same.

The genetic potential could be evolutionary. This is what may be our true future.

Consider the fact that when being born, human sex is undetermined until the body and brain produce the hormones necessary to decide if it's a clit or a penis, an ovary or testicle, vaginal lips or a scrotum.
What if there was a perfect combination that would allow for those to give birth, make someone pregnant, and even clone yourself upon or into death.
Maybe, if in the birthing process we can keep the uterus and cervix, one ovary and one testicle held in a cartilage cage to reduce body heat, but to slow the sperm production to a rhythmic cycle. Just like the period cycle for women.
Also to grow out the clit to a penis while keeping penile foreskin and vaginal lips. most importantly to create an inner-working system connecting ovary testicle, prostate, and uterus for self cloning process. Triggered by a hormonal response to death or severely damaged genes from old age. cloning yourself in this process of coarse means reliving life as a baby(maybe born slightly more developed) but to grow up regaining access to ALL your memories at a ********** age. now able to relearn and continue from were you left off, as a c***d.

thanks for reading, i know its not very porn like but as soon as i started typing all i could talk about is the philosophical and evolutionary possibilities of this. please discuss with me