The only really noteworthy feature is rear suspension being integrated to allow a rear rack. It does look as though the rear rack will move around a lot for all that thought provoking engineering. I suppose it doesn't move so much as to disturb the attachment. Overall I would probably bet on a front suspension bike with the fanciest seat post suspension before this idea, or a very serious cantilever system with a rear suspension, I have that on a recumbent, and it works fine. I'd like to test drive one, they are cool.
Sakkit was working on a suspension bike, not sure whether he worked anything out though. He would for sure sweat the rack and panier details though.