Well at least someone made a concept model.
FWIR a designer suggested this configuration for Formula 1. Needeless to say his idea didn't get much backing.
http://www.jalopnik.com/cars/concept-cars/index.php
"Jurists of the Peugeot Design Competition have selected a group of concepts as finalists,... an open-wheel roadster — called the “bodyboard” — that’s driven lying down...... The Vegas odds, if not the odds of Peugeot actually producing the thing, are on the Bodyboard. (Just considering how the DOT crash tests would turn out make it worth nominating).