I've no doubt many things have been tried before, it's hardly a novel idea to put a suspension on a bike, per se.
Considering the rather fledgling state of even
current CdA and Crr testing, I'm guessing this technology came and went as less ugly and lighter (sexier) designs took their place, but likely had zero technical challenges to meet or fail. The Headshok in particular (1992) precedes Martin et al (1998). :) Which, by the way, poses the question:
Martin et. al. wrote:
Can a mathematical model accurately predict power during road cycling?
:)
Even road cars (particularly American ones) were woeful dynamical systems until sometime after the year 2000, despite the existence of literature outlining optimization developed in the aerospace industry. Heck, Douglas L. Milliken, a co-author of Martin et. al.'s "Validation of a Mathematical Model for Road Cycling Power," wrote THE BOOK (that most mechanical engineers love to love at least) on supposed Race Car Vehicle Dynamics and not once did he actually do anything that resembled it within its covers! Bicycles didn't have a chance.
As I've said elsewhere, the "we've tried X before and the result was Y" very often ends up not having been a test of X and the results can barely be spoken of without a blush from the authors. When relevant results do exist, they are usually not quite Y.