I don't follow much racing except MotoGP, MX, and SX but in all three of those fields they seem to have figured out (especially in the past 5 years) that tuned flex is key. Often more lateral flex makes a bike hold a line in the rough much better.
When a bike is laid over on it's side half of the suspension is the lateral flex of the frame. Admittedly, I haven't heard of an scenarios where racers want more vertical flex (except to reduce rider fatigue) but everyone has figured out lateral flex.
Wasn't it Kawasaki this year that added longer engine mount bolts and spacers to increase lateral flex on their 450 for better turning? I'm pretty sure Honda increased lateral flex as well. Here's a quote from a quick google on lateral flex in motorcyles "Chassis engineers have learned over the years that not having enough lateral flex often creates insufficient feel and grip in bike turn-in and lateral loads as in cornering.", there is a ton of info out there on it.
Yamaha did some very cool work with this in their MotoGP bikes, check out this pic

What looks almost like a shock on the side of the bike is actually a transduce used by their data loggers to measure lateral flex when cornering to determine the optimum level of stiffness for their race bikes. Stiffer is not always better. Here's a link to a quick writeup on a neat bike.
http://www.motorcycledaily.com/25february03yzrm1.htm
Note, at the time this article was written they weren't sure if they were shocks or measurement devices, it was later publically released that they were only for masurement purposes.