Hi Brian,
Over a period of six years a growing group of technicians has been working on the IPS project (Inboard Performance System). The beauty of it is that opposed to their saildrive, this is steerable. I can imagine your idea of a belt drive is good for other manufacturers in making non steerable drives, but I can not see it used in this application? Maybe you can bend it a couple of degrees at most?
If there are week points in this drive remains to be seen, but what I heard is that the drive already is prepared to host bigger mechanical parts to handle more horsepowers in the future. WeŽll see.