That type of tube was made, even in the 1890s, for the very reason you are interested in today.
I like to run a slick rear tire, as it is so easy to find the puncture, and fix the leak without pulling the rear wheel of my IGH rear wheel,
example, and it's just a regular tube, and it rides fine...the type of tube you propose, I would expect it to "galumph", but have no experience with it.
And you see? Because it is a slick (ideal for street use), it is -very easy- to find the usual little puncture...
...and takes only a relative few minutes to fix. I have about four puncture repairs in this tube at present,
and it holds air just fine. Most of my punctures of this -thin and fast, fat tire- are from tiny thorns
from our local, blooming http://en.wikipedia.org/wiki/Bougainvillea
=the video was made, spur of the moment (pardon the pun?)
and it fails to show the action of unseating the tire, and pulling out
a section of the tube, and airing-up the tube to show-out the leak.
The leak is found by the usual ways, a wet cloth, soapy water,
or just feeling with your cheek close to the tube (the skin is sensitive).
=And, of course, you must feel and find the thorn or other object,
remove it, or you will gain new experience in flat repair, in no time flat.
hth,
rrw.
PS, if I sound like a g-d expert, well, I am not.
All I have learned, I learned from Gustavo, at Highgear Cycling,
or from online, or from practice, as I have had about ten flats in
the past few months. Darn those thorns, : )
The pictured tire has about fifteen hundred miles on it,
and no real wear of note. When, someday I have to replace it,
I would like to try Schwalbe "Kojak" slicks, they are a bit less fat,
and I can run that width in my bike's front fork, as it is only two inches wide.
Slicks, real slicks, are boss for street running, and so easy to patch when punctured,
so easy to find the flat, externally, in my experience so far.