Chuk, at first thinking about that recipe I'd say yes but then looked closer at the 'thang...
Here's my summation.
Blue cheese + mushrooms + bacon + steak = WIN!
Oysters + mushrooms + bacon + steak = 1/2 WIN due to stinkfoot factor of 2.
Oysters + mushrooms + blue cheese + bacon + steak = FAIL! Stinkfoot factor of 7.
Were I to make this, I would pound the steak out and roll with the stuffing ala roulade. I think even with the toothpicks, the cheese would ooze out too much. I would also add roasted garlic cloves and some heat..maybe serranos to tame the stinkfoot factor. I'd also leave out the sauterne and just drink the bottle first to build up courage to eat the 'thang.
I think the carpet bagger name is appropos as they were not exactly held in high regard and this steak appears to fall into that category foods that should not be paired together...
but I could be wrong.
If you do make this, we'll need a full report and pics.
Cheers, TB.