Epic fail

No - that's a Magnorim. They were made with a heavily ionised charged hub, and an opposed rim, thus the spokes were effectively "replaced" with repelling magnetism. They were expensive though, not least as the rare earth components were sourced only from a region on Ceylon, as it then was, and they dried up following independence. In fact, IIRC, the system was not used again until the DLR rolling stock was constructed. Plus ca change and all that.

What would be the advantage of a magnorim as opposed to a normal wheel? Apart from epik str33t cred obv.