That's exactly what Cherry MY and ML are, except they are somehow fully mechanical by some ungodly ways.

I considered one of these when they were new... and that was my impression of the switches, too. It's quite an interesting switch, in a masochistic kind of way. Really they're the big weak point of the keyboard - the layout looks quite usable, and they're well enough constructed. Possibly someone else came to that conclusion too, as the later ones had Cherry MLs.