Be interesting to see if this one works reliably. Sachs had a similar decouplable drive dynamo mechanism that fit rear wheel hubs quite a few years ago and I have read mentions of others.
To me with the increased popularity of hub dynamos, with their much decreased drag compared to sidewall or bottom bracket dynamos, the necessity for a dynamo interruptable drive has decreased.
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Gear Hubs Owned: Rohloff disc brake, SRAM iM9 disc brake, SRAM P5 freewheel, Sachs Torpedo 3 speed freewheel, NuVinci CVT, Shimano Alfine SG S-501, Sturmey Archer S5-2 Alloy. Other: 83 Colnago Super Record, Univega Via De Oro
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http://groups.yahoo.com/group/Geared_hub_bikes/