well due to 2 shocks it has another degree of freedom going on, but esentially if it acted exactly as it does in the demonstration (which it is unlikely to do) then it is a single pivot bike with low pivot on small bumps, the becomes a high pivot single pivot.
However, I suspect the the shocks both work at the same time sometimes, which would give you a variable axle path.
A variable axle path is good thing to have, as the wheel can react differently according to the direction of impact (act like a high pivot bike on square edge hits, and a low pivot bike on landing impacts). But you pay for this with the extra complexity, cost and weight of having 2 shocks.
I have heard good things about 2 stage bikes and how they ride tho.
What ever happened to the original Cannondale Gemini with the two shocks?