I like this idea! I am sure I could fabricate something like it with perforated square steel tubing, the kind they use to support street signs. Very sturdy stuff.
So now the other question is this -- how to keep the bike rack from vibrating? With all of that leverage from the weight of the bikes, there is bound to be harmonic oscillation. When I put a rack on the back of my truck, there are straps to dampen the vibration. How would I accomplish the same thing on the back of the trailer, since the back wall of the trailer is not built to handle much of a load?
(And I promise that I am not hijacking Twinster's thread here -- this is directly relevant to his question about stabilizing the bike rack.)