The rear hub-bb distance looks like it changes a bit more than it would on an Orange-type high pivot rear suspension setup (look at the silver link thing). Anyhow, your feet would tend to be the heavy static* thing in the setup, the rear wheel would move relative to them, with you perhaps feeling a bit of oscillating force through the pedals as the rear suspension moved.
You would notice rear suspension movement through the handlebars, but that would be similar to what you feel on a hardtail (with the hands, not the feet). Because that is what it is, a hardtail with a suspended chassis for the feet/bottom attached to it.
I am trying to work out how it would feel sat down. That upper silver link may have been calculated to keep the seatpost angle constant at the rear wheel travels (not what I thought in my earlier post).
It would be interesting to see how it actually rides. If you made it out of carbon, the unsprung weight effects wouldn’t be so great. I think the feeling through the handlebars might remain an issue though.
*relative to the overall forward movement of the bike-plus-rider