Straight from the WIRED article that Mikey mentioned...
S&S is also at work on a yet-unnamed tower ride scheduled to debut this spring. People will be strapped into harnesses, parachute-style, shot up 300 feet, and then inverted for the free-fall down. "It's absolutely insane," Stan says, smiling. "I can't believe people will even want to ride it!"
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Steuks!!