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Great question! Thanks.
I will be more interested in any practical applications of this. It is something totally new.
I suspect that it won't work properly. That doesn't mean that it won't actually improve the image somewhat under normal circumstances, but it isn't going to be able to make the same level of improvements that are possible with an axially centered optical system.
Since the camera has 5-axis IBIS, it is going to be attempting to deal with sensor shifts (x,y) and also rotation (yaw, pitch, roll). Here is a link to an image to show this:
https://www.google.com/search?q=sony+5+axis+image+stabilization&rlz=1C1ZMDB_enUS561US561&espv=2&biw=1852&bih=874&source=lnms&tbm=isch&sa=X&ved=0CAgQ_AUoA2oVChMIka7dkOSUxwIVDBU-Ch35xwCt#imgrc=GcqSpnX9fqaBNM%3A
Anyway, the x and y IS should be OK, but the yaw, pitch, and roll will not, because they are designed around a lens that is on the axial center of the chip. Shifts would require a different formula for y,p,r corrections to be reasonable, and I suspect that even if it were possible to make the calculations, the IBIS doesn't have the range of movements necessary to fully compensate (the further off center you go, the greater the range of movements necessary in the sensor to compensate).
So, as I said, it probably won't work correctly when the lens is shifted, but it may work sufficiently well for normal shooting. Should be OK when not shifted.
---Michael
Michael, the way you describe it would mean the sensor somehow is able to use the liveview feed to compensate for the vibration. I believe these IBIS (or OIS) would just have a pre-determined compensation depending on the input focal length and the current vibration input. Shifting would not change the focal length, I assume. The shift would try to match the induced vibration so that the light ray would hit exactly the same spot during the exposure time. So the T/S 24 would have the same compensation as a normal 24 given the same amount of vibration.
And as it turns out, 3rd party lens would not have yaw and pitch compensation, especially the T/S lens.
I believe the camera has accelerometers in it to detect motion....
---Michael
Exactly, that's why I'm confused as to how shifting, an optical mechanism, would interfere with the IBIS, purely based on mechanical vibration.