Thank you for the kind words.
This is a video Steady Cam with a DSLR.
http://www.youtube.com/watch?v=UR3TihKdbZ8
As for the camera plate moving instead of the gimble, I am not sure it would make a difference. I would say what ever is easier to adjust, and as long as you have full control in both directions (X and Y).
Hmm, to be honest, that steadycam looks like it bounces up and down, left and right just by you walking. Not exactly what I'd call smooth.
Keep up the work though!