Found this today on the mixte flickr group.
this works well becouse your hands are closer to your body here than on drops. Therefor it does not feel as low as it looks. On my mixte the stem is approx as long (high) as the seatpost.
Edit: Almost like the present setup.
http://i277.photobucket.com/albums/k...ixte0709-1.jpg
http://www.flickr.com/photos/somafab/3023108796/