I disagree. That's precisely why the interpretation is taken out of it as much as practicable. Using the 'interpretation' there is no material difference in the situation on the weekend and the one you describe in the second paragraph. In both instances, both players are looking up and probably aren't aware of what their opposition is doing. Yet in one, the player in the air is afforded every protection of the other player and is immune from any consequences and in the second, they accept all risk for their actions - in their mind, they are running with their vision skyward and jumping to catch a ball in both situations but have entirely different responsibilities and consequences depending on another player's (who they possibly aren't aware of) actions.
Rugby is a game where the ball is contested at almost every opportunity and the laws, I feel, are written with the aim of facilitating that. The way Law 10 is written, they have removed the need for interpretation in this situation. It is clear that foul play arises when one player tackles, or attempts to tackle the player in the air.
How would you interpret a situation where both players jump, but because of their separate abilities, one gets much higher than the other. The higher of the two, catches the ball and then falls over the other player in the air and comes down inverted? Is this a contest for the ball or a tackle?