This is nearly awesome. Sadly, it is crap and here's why.
It's a chest jammer/roller in the croll position. The whole limitation to ropewalking is because of the croll position. You need it higher up. This appears to have been designed by someone who has not actually tried ropewalking with a croll-position roller/jammer. You have to use your hands and this defies the whole point of it.
As a roller/jammer combination, it looks excellent. It is in the wrong position though.
I would be much more keen on crossing that with this:-
http://farm4.static.flickr.com/3173/5727019840_27fac9288d_b.jpg by welding it to a bar and then having a bra-ascender.
This would solve the problem of having your knee jammer as your top jammer. (it doesn't sound like a problem until you try it)...... I nearly had an upside-down moment in a shaft developing my ideas!
I would strongly consider buying one and bodging it to a bar. I think it could be a magic bullet.