There was a thread on this a while back started by someone in CMUs industrial design or mech e department. I can't find it, but the jist was the ability to get a u lock around the frame and wheel along with some kind of locker to stash lights, helmets, etc. I don't remember seeing anything on what they ultimately designed.
It'd be cool if you could lock both with the same u lock and not decrease the racks bike capacity due to the integrated locker. I guess you need to go vertical with the storage and some long skinny D shape to lock the bike and locker door through to accommodate various frame shapes without needing a jumbo lock.