Another cool idea would also be to make the entire freecoaster mechanism in the bottom bracket instead of in the back hub. If that idea ever happens and takes off.... we will all be running super light front hubs on our back wheels....
The whole Ratchet Sprocket thing isn't new in the bike world. You can get Trials cranks (In Flatland friendly sizes too i might add) with a thread for a Freewheel & then you run a Cassette on the back, this means that when the bike rolls backwards the Freewheel on the front & the cassette driver on the back still rotate but as the chain moves backwards the cranks stay wherever you have put them. With this set-up it also means instant engagement, no more Freecoaster slack! It also opens up a whole new world of ultra light cassette hubs E.G Tree Straight Pull. 14.5oz!