You are right! But it is now apparent that the question I had in mind is completely different from the one I actually asked. nbadg caught on to what I meant which was more along the lines of: could suspended cable transportation be a feasible mode of public transportation in cities?
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Yes. The biggest benefit is very low ground footprint and highly predictable traffic flow. A few articles discuss it as a reasonable form of mass transit.
http://urbanland.uli.org/infrastructure-transit/public-trans...
http://www.seattletimes.com/seattle-news/commute-by-gondola-...
This is really cool. Thank you for sharing!