Yeah, I've seen that before - but their answer to turning is a pivot in the center, and there's still no real suspension.
But with that setup it would be easy to add suspension and You would have 4 wheel drive, and Steering would be easy. (might even help with traction by being able to pivot with out moving)
So you'd have suspension and roll. If you build it right you could probably get away with 10- 15 digress of roll in the articulation joint. Might even be able to get that much pitch in the middle from front to rear
I'm thinking about this type of set up on my next Cub build, It will use 4 coil overs per axle for suspension. I'm getting them from Baileynet.com. $4.97 - $9.95
extended length of 12 3/4"
Travel 3"
110lbs per inch of travel